Answer: $40
Explanation:
Selling price can be calculated through the contribution margin equation;
Contribution margin = (Selling Price - Variable cost) / Selling Price
Contribution margin = Fixed costs/break-even point
= 660,000/1,100,000
= 60%
60% = (Selling Price - 16) / Selling Price
Selling price * 60% = Selling price - 16
16 = Selling price - (0.6 * selling price)
16 = Selling price * 40%
16/40% = Selling price
Selling price = $40
Answer:
The answer is "135 days"
Explanation:
Condo with a list price of Gulf View
They recognize for a Gulf View the preciously calculated summary analysis
The average cost list for a condominium is474.0075 and that average sale value is 454.245.
We also are selling $20,755 underneath the selling price on average.
Therefore a typical condominium in the South View is selling 4.38% well below the price list.
The estimated sales price is thus approximately $563,210
The amount of times that mine device needs and be delivered is an approximate 106 days of median number calculated at a number 1.
No condo Gulf Views $285,000 List price
Through the previously calculated concise figures, we learn that the average price list is 212.805556 for a Non-Gulf View Condominium or that the total selling price is 203.133333.
We sell $9,673 below the value of the total on average.
Therefore a condo in No Gulf Vision offers on aggregate 4,545% well below the selling price.
The average price is therefore approximately $272.045.
My projected place to trade this unit is the number of days in number 2 measured to be 135 days.