Iguchi Company sells a single product. Iguchi estimates demand and costs at various activity levels as follows:How much profit will Iguchi have if a price of $45 is charged?
Units Sold Price Total Variable costs Fixed Costs
120,000 $48 $3,000,000 $1,000,000
140,000 $45 $3,500,000 $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