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Problem 1: Waterway Industries reported the following results from the sale of 9000 hammers in May: sales $360000, variable costs $216000, fixed costs $60000, and net income $84000. Assume that Waterway increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?
a) 7200b) 9000c) 7448d) 8182
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