Question: please provide step by step Market demand allowed Acme Corp. to raise its price by 20 percent to $60. What is the new level of

please provide step by step

Market demand allowed Acme Corp. to raise its price by 20 percent to $60. What is the new level of break-even revenues if fixed charges including depreciation are $1 million and variable costs were 70 percent of the old price? (use the values in dollar)

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