What a Racquet, Inc. sells unique, customized tennis rackets. The results from the past year are shown below. sales in units -300000 variable costs- 3500000 fixed costs- 600000  What price should it charge its customers given a desired 40% mark up on the cost of its rackets (round to the nearest cent)?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What a Racquet, Inc. sells unique, customized tennis rackets. The results from the past year are shown below.

sales in units -300000

variable costs- 3500000

fixed costs- 600000 

What price should it charge its customers given a desired 40% mark up on the cost of its rackets (round to the nearest cent)?

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