Chapter 5, Problem 5 A producer of felt-tip pens has received a forecast of demand of 30,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 37 cents per pen. At what price must pens be sold to obtain a monthly profit of $15,000, assuming that estimated demand materializes?
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Chapter 5, Problem 5
A producer of felt-tip pens has received a forecast of demand of 30,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 37 cents per pen.
At what price must pens be sold to obtain a monthly profit of $15,000, assuming that estimated demand materializes?
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