Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:

How much profit will Troy have if a price of $45 is charged?

Units Sold Price Total Variable Costs $48 $45 $40 120,000 145,000 160,000 180,000 200,000 $35 $30 $3,000,000 $3,510,000 $4,000,000 $4,500,000 $5,000,000 Fixed Costs $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000