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Rachel Thomas owns a law practice. She wishes to earn an income of $400 000 from the business (ignore tax). She expects to work 800
Rachel Thomas owns a law practice. She wishes to earn an income of $400 000 from the business (ignore tax). She expects to work 800 hours on clients in the year, if client work develops as expected. The firm incurs the following costs leases of $1000 per month and salaries of $2000 per month. How much must Rachel charge per hour, in order to earn her target profit?
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