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Elizabeth sells homemade knit belts for 14 each at local

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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?

Reference no: EM13602566

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