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The manager of a small gasoline station observes that while gasoline sales have been steady,the service side of the business has fallen off,and mechanics are often idle.He decides to offer a promotion-a $20 off coupon for an oil change that is to be mailed to 800 households within a 2-mile radius from the gas station.The cost of printing and mailing is $1,000.The normal cost of an oil change is $40.Materials and labor per oil change cost is $15.How many additional maintenance service jobs must result for the promotion to break even?
Bona Fide Purchaser
A Bona Fide Purchaser is someone who buys property in good faith, without notice of any other party's claim to the property or any defects in the title.
Right to Redeem
The legal right allowing a debtor to reclaim ownership of property by paying off a loan or other obligation, usually within a specific period of time after a foreclosure sale.
Secured Party
An individual or organization that holds an interest in a security agreement on property offered as collateral, ensuring payment or performance of some obligation.
Disposition
In legal and financial contexts, it refers to the act of disposing of an asset through sale, assignment, lease, or other transfer method.
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