Heather Hudson makes stuffed teddy bears. Recent information for
her business follows:
Selling price per bear | $ | 28.50 |
Total fixed cost per month | 1,380.00 | |
Variable cost per bear | 15.50 | |
She sells 390 bears this month.
Suppose sales increase by 20 percent next month. Calculate the
effect that increase will have on her profit. (Round your
intermediate calculations to 2 decimal places. Round your final
answer to 1 decimal place. (i.e. .123 should be entered as
12.3%))
Increased in Profit %
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