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Find how many units must be sold each year for the company

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Problem 1: A manufacturing company leases a building for $110,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid in installments of $19,000 per year. Each unit of product produced costs $16 in labour and $9 in materials. The product can be sold for $40. How many units must be sold each year for the company to earn a profit of $63,000 per year?

A. 17,920

B. 20,480

C. 12,800

D. 15,360

E. 7,680

Reference no: EM132768890

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