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Business, 30.03.2020 18:04 MacieKay8865

Conquest, Inc. produces a special kind of light-weight, recreational vehicle that has a unique design. It allows the company to follow a cost-plus pricing strategy. It has $9,000,000 of average assets, and the desired profit is a 10% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume 1,000 units per year Variable costs $1,000 per unit Fixed costs $3,500,000 per year Using the cost-plus pricing approach, what should be the sales price per unit?

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