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Find what margin of safety as a percentage of sales is

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Reference no: EM132745123

Problem 1: Abby Broyles sells handmade bags at farmer's markets for $120 per bag. Current sales are 12,300 bags and break-even sales are 10,824 bags. The margin of safety as a percentage of sales is closest to:

a. 12%
b. 88%
c. 14%
d. 86%

Reference no: EM132745123

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