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UMGC The Poseidon Swim Company Selling Price EBIT & Expected Sales Exercise
The Poseidon swim company produces swim trunks. The average selling price for one of their swimming trunks is $68.08. The variable cost per unit is $20.81, Poseidon Swim has average fixed costs per year of $7,674. Assume the current level of sales is 360 units. What will be the resulting percentage change in EBIT if they expect units sold to changes by 9.9 percent? Round the answer to two decimal places.
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