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Cranereported the following results from the sale of5000units in May: sales $370000, variable costs $250000, fixed costs $90000, and net income $30000. Assume thatCraneincreases the
Cranereported the following results from the sale of5000units in May: sales $370000, variable costs $250000, fixed costs $90000, and net income $30000. Assume thatCraneincreases the selling price by5% on June 1. How many units will have to be sold in June to maintain the same level of net income?
A. 5000.
B. 4750.
C. 4700.
D. 4332.
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