Homework Help is Here – Start Your Trial Now!
Math
Calculus
A company that produces cameras has fixed costs of $157,000 per annum. The variable costs are 45% of sales and profit was $62,500. When the selling price was reduced by 10%, the sales volume increased by 22%. a. What was the original sales revenue? $0.00 Round to he nearest cent b. What were the original variable costs? $0.00 Round to he nearest cent c. What is the new sales revenue? d. What is the new variable cost? e. Whatis the amount of change in net income?

A company that produces cameras has fixed costs of $157,000 per annum. The variable costs are 45% of sales and profit was $62,500. When the selling price was reduced by 10%, the sales volume increased by 22%. a. What was the original sales revenue? $0.00 Round to he nearest cent b. What were the original variable costs? $0.00 Round to he nearest cent c. What is the new sales revenue? d. What is the new variable cost? e. Whatis the amount of change in net income?

Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
See similar textbooks
icon
Related questions
Question
A company that produces cameras has fixed costs of $157,000 per annum. The variable costs are 45% of sales and profit was $62,500. When the selling price was reduced by 10%, the sales volume increased by 22%. a. What was the original sales revenue? $0.00 Round to he nearest cent b. What were the original variable costs? $0.00 Round to the neacest cent c. What is the new sales revenue? d. What is the new variable cost? e. What is the amount of change in net income?
Transcribed Image Text:A company that produces cameras has fixed costs of $157,000 per annum. The variable costs are 45% of sales and profit was $62,500. When the selling price was reduced by 10%, the sales volume increased by 22%. a. What was the original sales revenue? $0.00 Round to he nearest cent b. What were the original variable costs? $0.00 Round to the neacest cent c. What is the new sales revenue? d. What is the new variable cost? e. What is the amount of change in net income?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS