FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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RoboGarden sells a robot lawn aerator. At the current price, RoboGarden's contribution margin is $129.84 per unit. Because of a shortage of silicon chips, RoboGarden expects variable cost to increase by $10.17. In response, RoboGarden is thinking about raising its selling price by $36.36. Calculate the percent profit breakeven metric for this situation. Report the correct sign for the result. Report your answer as a percent. Report -25.5%, for example, as "-25.5". Rounding: tenth of a percent.
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