Impact on profit of increase in price
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'If prices are, on average, increased by 1%, how much can volume drop before net profits will be less than $10,000?'
I am looking for the answer to the question in the middle of the page with an arrow and question mark in front of it. I already came up with an answer, but not sure if its correct.
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Solution Summary
The solution explains the impact on profit of a change in price and volume.
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