PERCENT CHANGE IN QUANTITY TO BREAK EVEN. Kiran's Kandles sells a rose- scented candle. Kiran's has been selling 27,000 of these rose-scented candles per year, at a selling price of $27.34. Kiran's has been making these candles at a variable cost of $15.02 each, but good rose-growing conditions mean that variable cost is about to go down by $3.01 per unit. In response, Kiran's Kandles is planning to reduce the rose-scented candle's selling price by $4.79 per unit. What is the PERCENT CHANGE IN QUANTITY such that Kiran's will JUST BREAK EVEN on these changes in price and variable cost? Be sure to use the correct sign. (Report your answer as a percent. Report 25.5%, for example, as "25.5." Rounding: tenth of a percent.)

PERCENT CHANGE IN QUANTITY TO BREAK EVEN. Kiran's Kandles sells a rose- scented candle. Kiran's has been selling 27,000 of these rose-scented candles per year, at a selling price of $27.34. Kiran's has been making these candles at a variable cost of $15.02 each, but good rose-growing conditions mean that variable cost is about to go down by $3.01 per unit. In response, Kiran's Kandles is planning to reduce the rose-scented candle's selling price by $4.79 per unit. What is the PERCENT CHANGE IN QUANTITY such that Kiran's will JUST BREAK EVEN on these changes in price and variable cost? Be sure to use the correct sign. (Report your answer as a percent. Report 25.5%, for example, as "25.5." Rounding: tenth of a percent.)

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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