Your small toy manufacturing facility has the following information: Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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Your small toy manufacturing facility has the following information:

Fixed costs $39,000
Material cost per toy $0.888
Electricity cost per toy $0.044
Labor cost per toy $0.207

Management demands that we have $9,000 in profit if we sell 45,000 toys.

What must the selling price be to achieve this? (Enter three decimal places) 

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