Jason Allen operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $$20$ and sells them for $$25.$ Jason has decied to increase his ales price to $26$ to offset the suppliers price increase. He belives that the price increase will result in a $5\%$ reduction from last years sales volume. What is jasons expected net income assuming a $30\%$ tax rate ?

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To calculate Jasons expected net income we need to consider his sales revenue cost of goods sold ... View the full answer