Question: Questions 8 through 12 refer to the following scenario: The Automotive Supply Company has a small plant that produces speedometers exclusively. Its annual fixed costs are $30,000, and its variable costs are $10/unit. It can sell a speedometer for $25.

If the company will sell the number of units obtained in the previous question (number 11) and wants to maintain the same profit as last year, what will its new price need to be? Round your answer to the nearest whole number.

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document