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Calculate the margin bell division needed to earn in march

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Problem - The Bell Division of ABC Company reported the following information for March:

selling price per unit ...........................     $25

variable costs per unit ..........................     $12

turnover .........................................    2.00

residual income ..................................  $180,000

margin ...........................................     22%

units sold .......................................    40,000

Calculate the margin the Bell Division needed to earn in March in order for the residual income in March to be equal to $310,000. Enter your answer as a number followed by the % without a space in between (i.e., 10%).

Reference no: EM131643264

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