Question: Salina Sports Wear has designed a new athletic suit The
Salina Sports Wear has designed a new athletic suit. The company plans to produce and sell 30,000 units of the new product in the coming year. Annual fixed costs are $600,000, and variable costs are 70 percent of selling price. If the company wants a pretax profit of $ 300,000, at what minimum price must it sell its product?
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