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If a product's price was raised by 10% and contribution margin is 30%, what is the percentage change in unit volume needed to break-even due to this price change? O-16% O 25% O 2.5% O-25% -2.5%

If a product's price was raised by 10% and contribution margin is 30%, what is the percentage change in unit volume needed to break-even due to this price change? O-16% O 25% O 2.5% O-25% -2.5%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a product's price was raised by 10% and contribution margin is 30%, what is the percentage change in unit volume needed to break-even due to this price change? O-16% O 25% O 2.5% -25% O-2.5%
Transcribed Image Text:If a product's price was raised by 10% and contribution margin is 30%, what is the percentage change in unit volume needed to break-even due to this price change? O-16% O 25% O 2.5% -25% O-2.5%
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