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Ipil-ipil Corp. would like to market a new product at a selling price of P15 per unit. Fixed costs for this product are P1,000,000 for

Ipil-ipil Corp. would like to market a new product at a selling price of P15 per unit. Fixed costs for this product are P1,000,000 for less than 500,000 units of output and P1,500,000 for 500,000 or more units of output. The contribution margin percentage is 20%. What would be the amount of the sales pesos to earn a target operating income of P1 million?

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