RoboGarden sells a robot lawn aerator. At the current price, RoboGarden's contribution margin is $115.05 per unit. Because of a shortage of silicon chips, RoboGarden expects variable cost to increase by $11.70. In response, RoboGarden is thinking about raising its selling price by $28.76. Calculate the percent profit breakeven metric for this situation.

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Calculating the Percent Profit Breakeven Metric 1 Define relevant values Current Contribution Margin ... View the full answer