LNQ Inc. is an environmentally friendly company which sells packaged organic vegetables in biodegradable bags. currently the monthly fixed cost associated with its operation is estimated at $50,000. The variable cost of a bag is $1.20 and currently sold for $2.00. Presently, the monthly productionvolume is 65,00 bags and maximum operating capacity is 90,000 bags per month.

Qa....write a formula relating the selling price and the breakeven quantity as percentage of the production capacity. show the procedure in your written report.