1. Rita Ltd. sells specialist chess sets. During the 2021 financial year, each chess set sold for €1,320 and variable manufacturing costs were €321 per set. Total fixed costs incurred in 2021 were €85,950. In the 2022 financial year, selling price, variable cost and fixed costs are all expected to increase by 10%. 
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3. How many chess sets (to the nearest whole unit) will the company have to sell to make a profit of €50,000?

Answer rating: 100% (QA)

To calculate the number of chess sets Rita Ltd needs to sell to make a profit of 50000 we can use th... View the full answer