1. William purchased a new printing machine and started a small printing shop. As per her calculations, to earn revenue of $4,000 per month, she needs to sell printouts of 22,000 sheets per month. The printing machine has a capacity of printing 38,800 sheets per month, the variable costs are $0.03 per sheet, and the fixed costs are $1,400 per month.

a. Calculate the selling price of each printout.

Round to the nearest cent

b. If they reduce fixed costs by $300 per month, calculate the new break-even volume per month.

Round up to the next whole number

c. Calculate the new break-even volume as a percent of capacity.

%

Round to two decimal places

2. Tumble Company sells coats for $155.00 each. The variable costs per coat are $75.75 and the fixed costs per month are $36,000.00. How many coats must be sold to make a profit of $3,200.00 in a month?

3. The rate of markup on cost on a product selling at $65.45 is 48%.

a. What is the cost of the product to the retailer?

Round to the nearest cent

b. What is the rate of markup on selling price?

%

Round to two decimal places

4. Donald converted C$700.00 to Australian dollars at an exchange rate of C$1 : A$1.0716. How many Australian dollars did she receive for her Canadian dollars?