Bob's Company sells one product with a variable cost of $5 per unit. The company is unsure what price to charge in order to maximize profits. The price charged will also affect the demand. If fixed costs are $100,000 and the following chart represents the demand at various prices, what price should be charged in order to maximize profits?

Units Sold Price

30,000 $10 40,000 $9 50,000 $8 60,000 $7

Question 26 options:

A. $10

B. $9

C, $8

D. $7

Explain.