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The LaDera Heights LA Company and The Toler Heights Oakland Company produce and sell a similar product. The LaDera Heights LA Company sells a product
The LaDera Heights LA Company and The Toler Heights Oakland Company produce and sell a similar product. The LaDera Heights LA Company sells a product for $50 per unit. The unit variable cost is $30, and the total fixed cost is $100,000. The Toler Heights Oakland Company sells a similar product for $40 per unit, with a unit variable cost of $25, and total fixed cost of $150,000. Calculate The Toler Heights Oakland Company's profit margin if the company sells 11,000 units. (*Answer is a percentage rounded to the tenth, 1 decimal place)
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