Question: Michele Quigg sells homemade knit scarves for 25 each at
Michele Quigg sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Michele $1,500 per year. The craft shows are raising their entrance fees by 25% next year. How many extra scarves will Michele have to sell next year just to pay for rising entrance fee costs?
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