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The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $82.68. The variable cost per unit is
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $82.68. The variable cost per unit is $22.80, Poseidon Swim has average fixed costs per year of $5,472. Assume that current level of sales is 500 units. What will be the resulting percentage change in EBIT if they expect units sold to changes by -2.9 percent? (You should calculate the degree of operating leverage first). (Write the percentage sign in the "units" box). Round the answer to two decimal places
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