Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:
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
144,000__ $45___ $3,530,000_____ $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
How much profit will Troy have if a price of $45 is charged?
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