Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?
A.
$3.58
B.
$7.58
C.
$12.15
D.
$17.14
Answer: D
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Marketing
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