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Requirement 3. Assume that 150,000 people visit the home and garden show each year spread evenly throughout the five-day period. If 6% of the attendees
Requirement 3. Assume that 150,000 people visit the home and garden show each year spread evenly throughout the five-day period. If 6% of the attendees purchase from Archer's at the show, how much must each customer purchase from Archer's for the company to break even on the booth rental fee? Identify the formula and then compute the purchase amount needed per customer. (Round your answer to the nearest cent.) Purchase amount per customer Requirement 4. Assume now that Archer's wants to make a target profit of $3,000 for the Great Big Home + Garden Show. What sales volume will allow Archer's to achieve this target profit? Archer's sales volume must be $ to achieve the target profit
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