how many oranges would Daniel need to sell to generate a profit that is equal to 10 percent of sales?
how many oranges would Daniel need to sell to generate a profit that is equal to 10 percent of sales?
Chapter13: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 6DQ
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Question
Daniel is interested in entering the orange farming business. He estimates if he enters this business, his fixed costs would be P50,000 per year and his variable costs would equal 40 percent of sales. If each orange sells for P2, how many oranges would Daniel need to sell to generate a profit that is equal to 10 percent of sales?
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