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Use the information below to answer the following question(s). Brian O'Neil intends to sell his customers a special roundtrip airline ticket package. He is able
Use the information below to answer the following question(s).
Brian O'Neil intends to sell his customers a special roundtrip airline ticket package. He is able to purchase the package from the airline carrier for $400 each. The airline intends to reimburse Brian for any unsold ticket packages. The roundtrip tickets will be sold for $500 each. Brian has a tax rate of 30% on his business income.
What is the dollar amount of sales required for Brian to earn an aftertax profit of $7,000 if fixed costs are $10,000?
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