is Daisy's Award Creations produces decorative ribbons. The following information available about the company: Variable cost per ribbon Sales price per ribbon $1.75 $3.50 Total fixed costs per month $950.00 Suppose Daisy's wants to generate a profit of $850. Determine how many ribbons it must sell to achieve this target profit. (Round your answer to nearest number)
is Daisy's Award Creations produces decorative ribbons. The following information available about the company: Variable cost per ribbon Sales price per ribbon $1.75 $3.50 Total fixed costs per month $950.00 Suppose Daisy's wants to generate a profit of $850. Determine how many ribbons it must sell to achieve this target profit. (Round your answer to nearest number)
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 11DRQ
Related questions
Question
Determine how many ribbons must sell to achieve Target profit
Transcribed Image Text:is
Daisy's Award Creations produces decorative
ribbons. The following information
available about the company:
Variable cost per ribbon
Sales price per ribbon
$1.75
$3.50
Total fixed costs per month $950.00
Suppose Daisy's wants to generate a profit
of $850. Determine how many ribbons it
must sell to achieve this target profit. (Round
your answer to nearest number)
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