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Company produces and sells four products. Information about these products for August is given below: Product #1 Product #2 selling price per unit $88

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Company produces and sells four products. Information about these products for August is given below: Product #1 Product #2 selling price per unit $88 $102 variable costs per unit $61 $ 85 number of units sold 2,300 2,700 Product #3 Product #4 selling price per unit $111 $72 variable costs per unit $ 76 $47 number of units sold 4,600 3,400 The fixed costs for August amounted to $251,340. In order to improve profitability, following changes in September: 1. Adjusted the selling price of Product #2. Company made the 2. Automated a portion of the production process related to Product # 2. This reduced the variable costs of Product #2 by $6 per unit.. 3. Increased the advertising for Product #2 by $13,482. These changes resulted in the number of units of Product #2 that were sold doubling. However, these changes also resulted in the sales of Product # 1 decreasing by 20% as some customers started buying Product #2 instead of Product # 1. Assume the sales of Product # 3 and Product #4 were not impacted by these changes. Calculate the selling price per unit for Product #2 needed in September in order for the September net income to be 30% larger than the August net income.

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