break-even with additional revenue and margins

FratBro23
Category:
Marketing
Price: $10 USD

Question description

It is estimated that re-branding the professional range of Black & Decker power-tools as "DeWalt" would require a $3 million increase in advertising budget. Given that the average margin on power tools is 10%, what is the additional revenue required to break-even on this budget increase? 


Tutor Answer

(Top Tutor) Daniel C.
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School: University of Virginia
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