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Steve has an idea to open a store to sell scuba diving equipment. He will pay rent of $3,000 a month, utilities of $500 a

Steve has an idea to open a store to sell scuba diving equipment. He will pay rent of $3,000 a month, utilities of $500 a month, insurance of $900 per quarter and payroll of $4,000 a month.

He estimates that his cost of goods will be 55% of sales.

He would like to make $6,000 a month for himself.

How much does he need in monthly sales (dollars and cents) to breakeven?

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