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What sales price must firm use to obtain an after-tax profit

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Question 1: An entity has fixed costs of P200,000 and variable costs per unit of P6. It plans on selling 40,000 units in the coming year. If the entity pays income taxes on its income at a rate of 40%, what sales price must the firm use to obtain an after-tax profit of P24,000 on the 40,000 units?

a. P11.60

b. P11.36

c. P12.00

d. P12.50

Reference no: EM132842303

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