operation are $325000 and annual sales are 117000 bundles.The unit variable cost

operation are $325000 and annual sales are 117000 bundles.The unit variable cost consists of a $3.50 royalty payment VR perbundle to publishers plus other variable costs of VO = $9.00. Theroyalty payment is negotiable. The book stores directors believethat the store should earn a profit margin of 12% on sales andthey want the stores managers to pay a royalty rate that willproduce that profit margin. What royalty per bundle would permitthe store to earn a 12% profit margin on textbook material bundlesother things held constant?