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Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co
Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Price per unit ($) 5 Quantity sold ('000 units) Fixed cost per unit Variable cost per unit ($) 2.00 2.00 ($) 4.00 100 6 96 4.17 92 2.00 4.35 2.00 4.55 2.00 4.76 10 80 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 88 84 Time Remaining 02:11 21 of Close All P Elag for Rev After the pricing analysis was complete, Pillar Co decided to apply a pricing strategy of variable cost PLUS 400% for the Honey Bee candle. What profit will it earn as a result of this pricing strategy (to the nearest $'000)? ,000 Scratch Pad Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical wax and scented oils. Currently Pillar Co only sells its candles in its domestic market. The company has collected the data relating to sales of its 90 gram Honey Bee candle, which is very popular in Pillar Co's home country of Zedland. This pricing analysis is as follows: Price per unit ($) 5 Quantity sold ('000 units) Fixed cost per unit Variable cost per unit ($) 2.00 2.00 ($) 4.00 100 6 96 4.17 92 2.00 4.35 2.00 4.55 2.00 4.76 10 80 2.00 5.00 Pillar Co is reviewing its pricing strategies and has decided to use the information relating to the Honey Bee candle to assess some of the company's possible pricing decisions. 7 8 9 88 84 Time Remaining 02:11 21 of Close All P Elag for Rev After the pricing analysis was complete, Pillar Co decided to apply a pricing strategy of variable cost PLUS 400% for the Honey Bee candle. What profit will it earn as a result of this pricing strategy (to the nearest $'000)? ,000
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