Go Green is a business selling worm farm start-up kits for \(\$ 12\) each. This year, Go Green's fixed cost totals \(\$ 110000\). The variable cost per kit is \(\$ 7\).

Required:

a What is the break-even point in number of kits?

b How many kits does Go Green need to sell to earn a profit of \(\$ 70000\) ?

c If the total fixed cost increases to \(\$ 160000\) next year:

i what will Go Green's break-even point be in number of kits?

ii what profit (or loss) will Go Green have if it sells 30000 kits?

iii how many kits will Go Green have to sell to earn a profit of \(\$ 70000\) ?