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The following data relate to a popular novel sold by a publisher: Fixed Costs: Copy Editing $6277 Artwork $2226 Typesetting $73502 Variable Costs per copy:
The following data relate to a popular novel sold by a publisher: Fixed Costs:
Copy Editing $6277
Artwork $2226
Typesetting $73502
Variable Costs per copy:
Printing and Binding $3.06
Bookstore Discounts $4.24
Sales Commissions $0.64
Authors Royalties $2.00 Each novel copy sells for $21. The company sold 10025 copies in July.
Required: If the publisher desires a $21229 After-tax Profit, how many novel copies the publisher must sell? Assume the tax rate is 0.33%.
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