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Find how much profit will troy have if a price is charged

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Reference no: EM132508524

Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:

Units Sold                 Price Total                      Variable Costs                Fixed Costs

120,000                  $48                            $3,000,000                   $1,000,000

151,500                   $45                           $3,540,000                   $1,000,000

160,000                       $40                       $4,000,000                   $1,000,000

180,000                       $35                         $4,500,000                 $1,000,000

200,000                          $30                     $5,000,000                     $1,000,000

Question 1: How much profit will Troy have if a price of $45 is charged? Round to two decimal places.

Reference no: EM132508524

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