James operates a sideline business shoeing horses. The business has fixed costs of £121,000 per annum. He charges £21 per shoe and the variable costs are £10 per shoe. If the business wishes to make a profit of £11,000 for the year, how many shoes does he need to fit per annum?

Answer rating: 100% (QA)

To determine the number of shoes James needs to fit per annum we can use the followin... View the full answer