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What is the minimum price

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Bill plans to open an independent cell phone retailer. He has found a good supplier that will sell him basic cell phones for $45 each. Because of his location and marketing, he expects to sell 400 cell phones a month, on average. The fixed costs for his store are $4,000 per month. What is the minimum price for which he can sell the cell phones in order to breakeven?

Please solve with excel only.

Reference no: EM133130893

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