Exercise $7-29$ Retail; CVP Analysis with Multiple Products $($

Tim's Bicycle Shop sells $21-$speed bicycles. For purposes of a cost$-$volume$-$profit analysis, the shop owner has divided sales into two categories, as follows:

$\backslash$table$[[$Product Type,Sales Price,Invoice Cost,Sales Commission$],[$High$-$quality,$$500,$$$275,$$$25$