Question $3(1$ point$)$

Listen

Under pressure from its board of directors, management at Roadside is planning to enter the conventional battery$-$powered flashlight market. Roadside expects to sell this boring product to wholesalers for $$18\mathrm{.}16$ per unit. Relevant fixed costs will total $$343,600,$ and variable costs to make this product will be $$12\mathrm{.}15$ per unit.

Background research estimates the size of the market for conventional flashlights at $1\mathrm{.}8$ million units per year. If sales of this unit reach breakeven, what market share will Roadside have? Report your answer as a percent. Report $27\mathrm{.}5\%,$ for example, as $"27\mathrm{.}5".$ Rounding: tenth of a percent.

Your Answer:

Answer