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How much revenue per month Exclusive Jewellers Ltd need

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Reference no: EM132823707

Question - Exclusive Jewellers Ltd manufactures wedding rings has the following monthly costs:

Staff wages $49,000

Rent $1,800

Insurance $400

The average ring sells for $800

The average materials cost is $100

Electricity and other variable cost to make one ring is $60.

Required - How much revenue per month would Exclusive Jewellers Ltd need sell to make a monthly profit of $16,000?

Reference no: EM132823707

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