How many extra scarves will elizabeth have to sell next year


Elizabeth sells homemade knit belts for $14 each at local craft shows. Her contribution margin ratio is 62.5%. Currently, the craft show entrance fees cost Elizabeth $1,400 per year. The craft shows are raising their entrance fees by 25% next year. How many extra scarves will Elizabeth have to sell next year just to pay for rising entrance fee costs?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How many extra scarves will elizabeth have to sell next year
Reference No:- TGS0710067

Expected delivery within 24 Hours