Classic tent sells for $99.99. Markup on cost is 110% and fixed costs are $530,000....

90.2K

Verified Solution

Question

Accounting

Classic tent sells for $99.99. Markup on cost is 110% and fixed costs are $530,000. In order to make $100,000 profit, how many tents must be sold? Question 3 options: 10,119 units 58,306 units 69,307 units None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students