Hi,

i have difficulties solving the following problem,

1. Lindon Company is the exclusive distributor for an automotive product that sells for $40 per unit and has a CM ratio of 30%. The company's fixed expenses are $180,000 per year. The company plans to sell 16,000 units this year.

a.What dollar sales is required to attain a target profit of $60,000?

I used this formula, but it says the answer is wrong:

60000=180000+60000)/30%

and i get answer $800000 which says its wrong

can you please help