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Nowitzki Corporation sells sets of encyclopedias. Nowitzki sold 4,000 sets last year at 25,000 a...

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Question

Accounting

Nowitzki Corporation sells sets of encyclopedias. Nowitzki sold 4,000 sets last year at 25,000 a set. The variable cost per set was 17,500 and the fixed costs for Nowitzki were 10,000,000.

If the Nowitzkis sales increase by 20%, its net operating income should increase by about

Group of answer choices

30.00%

13.33%

60.00%

06.67%

Answer & Explanation Solved by verified expert
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