2. Suppose that an item costs $130 is priced to sell at $200. Fixed cost is estimated to be $12,000 and the company incurs a selling expense equal to 10% of the volume of sales. a) What would be the profit if sales are $50,000? b) Calculate the break-even point. 3. If x liters of regular gasoline, which costs $0.50 per liter, are to be mixed with y liters of regular unleaded gasoline, at $0.66 per liter, to obtain 100 liters of mixture worth $0.50 per liter how much of each gasoline should be used