Soft Lighting Can Sell 15 000 Lamp Shades During the Year

question 27

Multiple Choice

Soft Lighting can sell 15 000 lamp shades during the year. The variable expenses are $5 per lamp shade. Fixed expenses are $40 000 and the business wishes to earn a profit of $50 000. What price must Soft Lighting charge per lamp shade?

• A) $5
• B) $6
• C) $10
• D) $11

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Definitions:

Achievement Test

An assessment designed to measure a person's knowledge, skills, or proficiency in a specific area or field.

Intelligence Test

A psychological assessment tool designed to measure a person's cognitive abilities and potential in comparison to a population.

Exceptional Achievement

Refers to performance that significantly surpasses the standard or expected level, often in a specific field or discipline.

Innate Talent

Natural ability or skill that an individual is born with, often seen as a predisposition towards certain activities or fields.