A department store has overhead costs of $250, 000 and a linear total cost function. The controller has set the store’s margin policy using the
A department store has overhead costs of $250, 000 and a linear total cost function. The controller has set the store’s margin policy using the example of a $140 markup on an item retailing for $500. The controller has also estimated that other variable costs on the same retail item selling for $500 are $15. i. Find the revenue, cost, and profit functions using s for sale volume. ii. Find the break-even dollar volume of sales. iii. Draw the break-even chart. iv. will the net profit be if sales are $3, 000, 000 ?
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