Question: ComputerGuard offers computer consulting, training, and repair services. For the most recent fiscal year, profit was $423,700, as follows: Linda O?Flaherty, the owner of ComputerGuard,
ComputerGuard offers computer consulting, training, and repair services. For the most recent fiscal year, profit was $423,700, as follows:
Linda O?Flaherty, the owner of ComputerGuard, believes that in the coming year, she can increase sales by 20 percent. Assuming the current mix of services, what will be the percentage increase in profit associated with a 20 percent increase in sales?(Round weighted-average contribution margin ratio to 6 decimal places, e.g. 0.124547 and final answer to 2 decimal places, e.g. 15.25%.)
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