Determining number of books purchased and sold, Business Law and Ethics

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Determining number of books purchased and sold

Assignment:

A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $55,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. If the book is sold to distributors for $11 each, how many must be produced and sold for the publisher to break even?

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Business Law and Ethics: Determining number of books purchased and sold

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