3 Two businesses Savendra Ltd, and Pigot Industries Ltd, sell the same type of product in the same type of market. Their budget profit and loss Account for the coming year are as follows: SAVENDRA LTD K PIGOT INDUSTRIES LTD K Sales 150,000 150,000 Variable costs 120,000 100,000 Fixed cost 15,000 35,000 Budgeted Net Profit 15,000 15,000 Required: 3.1 Break-Even Point for each business. 10 Marks 3.2 Sales Volume at which each business will ear K5,000 net profit 3.3 5 Marks State which business is likely to earn greater profit in conditions of: Heavy demand Low demand Briefly give your reasons. 5 Marks