Question: Eleanor is opening a store called Everything is $10. As the name implies, all of the items sold at their shop will be priced
Eleanor is opening a store called "Everything is $10". As the name implies, all of the items sold at their shop will be priced at $10. They are estimating their variable cost per item they sells will be $3.18, since they are purchasing their items in bulk from a wholesaler and has signed a purchase order that covers the next 12 months of purchases. They have the following fixed expenses per month: Rent- $1,000, utilities- $300, payroll $2,115. How much does Eleanor need to sell to leave at least $1,500 in operating income at the end of the month? (round to the nearest dollar) O $6,474 $8,122 O $7,210 O $4,915 Save for Later Submit Answer
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