Suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 per year

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Suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 per year and variable costs of $3.00 per book. How many books must the firm sell to break even if the selling price is $6.00? If the company expects to sell 50,000 books next year and decides on a 40 percent markup, what will the selling price be?
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Business

ISBN: 978-0133354263

8th Canadian Edition

Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos

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