ASAP

Tiger has budgeted to make 50,000 units of its product, timm. The variable cost of a timm is $5 and annual fixed costs are expected to be $150,000. The financial director of Tiger has suggested that a mark-up of 25% on full cost should be charged for every product sold. The marketing director has challenged the wisdom of this suggestion, and has produced the following estimates of sales demand for timms. Price per unit ($) Demand (units) 9 42,000 10 38,000 11 35,000 12 32,000 13 27,000 Required (a) Calculate the profit for the year if a full cost-plus price is charged. (b) Calculate the profit for the year if a profit-maximising price is charged. Assume in both (a) and (b) that 50,000 units of timm are produced regardless of sales volume