FSOT: 500 Test Prep Study Questions

Category - Mathematics & Statistics

A business owner expects fixed costs of 12,000, variable costs of 20 per unit produced, and a total amount sold of 60 units. What is the minimum price the owner has to charge per unit in order to break even?
  1. 150
  2. 200
  3. 300
  4. 600
Explanation
Answer: B - 200
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