Lawrence sells lockers like those found in airports, bus stations, exercise centers, and schools. His fixed selling costs are $65,000 annually. His annual sales are $390,000 and the annual cost of the lockers he sells equals $255,000. Calculate his gross profit in percentage and his break-even point.
What will be an ideal response?
His gross profit in percentage is ($390,000 ? $255,000)/$390,000 = 34.61 percent.
His break-even equals $65,000/0.3857 = $187,807
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