Question: Gabby Kittson sells homemade knit scarves for 14 each
Gabby Kittson sells homemade knit scarves for $ 14 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees cost Gabby $ 1,400 per year. The craft shows are raising their entrance fees by 25% next year. How many extra scarves will Gabby have to sell next year just to pay for rising entrance fee costs?
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