if car washes have a contribution margin of 75% and their price is decreased by 5%, will the retailer increase or decrease his profit? the answer given by professor is- an increase by 14% in sale volumes which results in an increase in profit. please I want a step by step i need to learn how to do this I don't know how he gets this answer

if car washes have a contribution margin of 75% and their price is decreased by 5%, will the retailer increase or decrease his profit? the answer given by professor is- an increase by 14% in sale volumes which results in an increase in profit. please I want a step by step i need to learn how to do this I don't know how he gets this answer

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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