A product sells for $120, variable costs are $85, and fixed costs are $56,000. If...
80.2K
Verified Solution
Link Copied!
Question
Accounting
A product sells for $120, variable costs are $85, and fixed costs are $56,000. If the selling price can be increased by 18% with a similar increase in variable costs, how many fewer units would have to be sold to earn $190,000? (Rounded)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!