Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Skates sell for$ 9 9 . 9 9 . Markup on variable cost is 8 0 % and fixed cost are $ 1 3 0

Skates sell for$99.99. Markup on variable cost is 80% and fixed cost are $130,000 In order to make $100,000 profit, how many skates must sold?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions