How much must Rachel charge per hour

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Question - Rachel Thomas owns a law practice. She wishes to earn an income of $400,000 from the business (ignore tax). She expects to work 800 hours on clients in the year, if client work develops as expected. The firm incurs the following costs - leases of $1000 per month and salaries of $2000 per month. How much must Rachel charge per hour, in order to earn her target profit?

Reference no: EM133031084

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