New product introduction- Breakeven, impact on profitability

An engineering company presently sells 150 'Premium' quality equipments per annum.

The company is thinking of introducing a low cost 'Economy' equipment. The relevant figures are-

Actual for 'Premium'

Estimates for 'Economy'

Sale price

Rs 2 lakh per equipment

Rs 50,000 per equipment

Variable costs

Rs 1.20 lakh per equipment

Rs.22,000 per equipment

Fixed Cost

Rs 24 lakhs

Rs 11.20 lakhs

The sale of 'Premium' falls at the rate of 1 unit for every 10 units of 'Economy'.

Calculate breakeven point for 'Economy'