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Mini Blenders Inc. estimates manufacturing unit variable cost as $4. Fixed costs are $16,000 for the year, during which 8,000 units are expected to be sold. A 75% profit margin on unit selling price is desired. What should be MBIs selling price per unit?

$12.20 per unit

$9.60 per unit

$24.00 per unit

$20.00 per unit

$7.50 per unit