Multiple Choice
Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,200, variable costs are $700, and fixed costs are $100,000. How many dresses must the Bridal Shoppe sell to yield after-tax net income of $20,000, assuming the tax rate is 40%?
A) 267 dresses
B) 240 dresses
C) 200 dresses
D) 400 dresses
Correct Answer:
Verified
Correct Answer:
Verified
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