Ace company which produces novelty items incurs the following monthly costs in producing a particular novelty item.

Fixed cost=10,000 variable cost= P8 per item

If the company produces 400 units and sold item at P23 per unit (assume all the units are sold), how much is the;

Profit at a volume of 700 units?

Suppose the selling price was changed from P23 per unit to P30 per unit, what would be its new break even revenue?