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Crane reported the following results from the sale of 5000 units in May: sales $ 370000, variable costs $ 250000, fixed costs $ 90000, and
Crane reported the following results from the sale of 5000 units in May: sales $ 370000, variable costs $ 250000, fixed costs $ 90000, and net income $ 30000. Assume that Crane increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?
4332.
4700.
4750.
5000.
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