GRIFFIN Industries is a manufacturer of light bulbs in Jamaica. In 2022 it sold a light bulb for $800. Its variable costs is $300 and fixed costs is $1,2000,000 monthly:

i)How many bulbs must the company sell in a month to break even and what is the breakeven revenue?

ii)If the company sold 5,000 bulbs in a month, what was its profit?

iii)Due to inflation this year, variable cost are expected to rise to $400 and fixed costs are expected to rise to $1,500,000 monthly. What will be the NEW break-even quantity and revenue?

iv)If the company will sell the same number of bulbs as it did in part one (i) but want to make the same profit as it did in part two (ii), what price should they sell each bulb for in 2023?