Consider an automobile retail business, where the annual fixed cost is $1,000,000, the price is $26,575, and
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Consider an automobile retail business, where the annual fixed cost is $1,000,000, the price is $26,575, and the variable cost is uniformly distributed between $20,550 and $23,050. The retail management wishes to know, on average, about how many automobiles should be sold during the year in order to generate a net profit of $1,100,000 during the year.
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