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Theodora Patel makes stuffed teddy bears. Recent information for her business follows: Selling price per bear-------------$25.00 Total fixed cost per month-------1,500.00 Variable cost per bear------------15.00
Theodora Patel makes stuffed teddy bears. Recent information for her business follows: Selling price per bear-------------$25.00 Total fixed cost per month-------1,500.00 Variable cost per bear------------15.00 She sells 350 bears this month. 1. Suppose sales increase by 20 percent next month, calculate the effect that increase will have on her profit. (Round your intermediate calculations to 2 decimal places. Omit the "%" sign in your response.) Effect on profit:_______%
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