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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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