Question: Susie Carter sells homemade knit scarves for 24 each
Susie Carter sells homemade knit scarves for $ 24 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees cost Susie $ 1,200 per year. The craft shows are raising their entrance fees by 10% next year. How many extra scarves will Susie have to sell next year just to pay for rising entrance fee costs?
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