Company sells heel replacement kits

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Ace Shoe Company sells heel replacement kits for men’s shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 750,000 heel repair kits, what price must it charge to achieve aprofit of $2.5 million? ?Please show the calculation process?

Reference no: EM13260281

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Company sells heel replacement kits : Ace Shoe Company sells heel replacement kits for men’s shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 750,000 heel repair kits, what price must it charge to achieve aprofit o..

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