Please need help show clear work please thank you. Need complete explanation.
You have been told that Optimix's sales next year will be $12,000,000 and that the breakeven point will be $8,000,000. Gross margin will be the same. Given these data, your estimate of Net Profit for Optimix for next year will be closest to;
a. $1,200,000
b. $2,200,000
c. $3,200,000
d. $4,200,000