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ABC Corp has 2 different products, X & Y. Product X has a margin of...

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Accounting

ABC Corp has 2 different products, X & Y. Product X has a margin of 35% whereas Y has a margin of 20%. Last year, product X had $600,000 in sales whereas product Y had $2,000,000 in sales. Fixed expenses are projected to be $100,000 for the year.

Assuming sales mix stays similar to last year, and the company desires a target profit of $250,000, what sales are required for each product?

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