Homework Help is Here – Start Your Trial Now!
Math
Calculus
A company that produces cameras has fixed costs of $163,000 per annum. The varia costs are 45% of sales and profit was $62,500. When the selling price was reduced be 10%, the sales volume increased by 22%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest cent d. What is the new variable cost? Round to the nearest cen

A company that produces cameras has fixed costs of $163,000 per annum. The varia costs are 45% of sales and profit was $62,500. When the selling price was reduced be 10%, the sales volume increased by 22%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest cent d. What is the new variable cost? Round to the nearest cen

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
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
See similar textbooks
icon
Related questions
Question
A company that produces cameras has fixed costs of $163,000 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? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest .cent d. What is the new variable cost? Round te the arant.cent e. What is the amount of change in net income
Transcribed Image Text:A company that produces cameras has fixed costs of $163,000 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? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest .cent d. What is the new variable cost? Round te the arant.cent e. What is the amount of change in net income
Expert Solution
steps

Step by step

Solved in 3 steps with 2 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,
SEE MORE TEXTBOOKS