please show work and reason for Question 4

1. What is the % margin that Dominion makes on each voting machine with a $1300 price to its governmental customers and a $975 unit cost? What are some strategies to increase percent margin? Percent Margin =( price - unit cost )/ price =($1300$975)/$1300=0.25or25% Strategies to increase percent margin: - Lower unit cost by finding areas to reduce expenses - Increase price of product 2. If in 2024, Dominion lowered the average price to $1249 and sales increased by 10%, would the company's total gross profit be more or less than the current amount? Assume demand and cost are the same. Current gross profit =$5,460,000 Percentage change in price = ($1,249$1,300N$1,300=0,0392(3,92% reduction) Calculate the new average selling price: New average selling price =$1300(10.0392)=$1249.28 New sales revenue: New sales revenue =$21,840,000(1+0.10)=$24,024,000 New Cost of Goods Sold (COGS)=$97516.801,000,000= $16,380,000 New Gross Profit = New Sales Revenue - New COGS = $24,024,000$16,380,000=$7,644,000 Comparing the new grass profit of $7,644,00 with the current gross profit $5,460,000. Dominion's total gross profit would be more than the current amount 3. If the gross profit is less, how much more does Dominion Voting need to sell (\% increase in volume) to breakeven on profit? Original Margin =($1300$975)/$1300=0.25 (or 25% Percentage change in unit volume to reach equilibrium =0.0392 0.25+(0.0392) 0.0392 =0.0392/0.2108=0.1857 (or 18.57%) Dominion Voting would need to increase its unit volume by approximately 18.57% to break even if the average price decreases by 3.92%. 4. What if instead Dominion raised the average selling price [maximizing NMC] in 2024 to $1349 ? What would the volume sold need to be to ensure Dominion made the same amount of gross profit from 2020 ( $5.46 billion)