3. A retail co plans to work on a margin of 44% of retail price and to incur other variable costs of 4%. If it expects fixed cost of Birr 20,000,
a) Find the equation relating total cost to sales.
b) Find the profit it sales are Birr 60,000.
c) Find the breakeven revenue.
d) If profit is Birr 15,000, what should be the revenue level?
e) If the company has only one item at a price of Birr 15 per unit, how do you convert the cost equation in terms of revenue in to a cost equation in terms of quantity?