Problem Solving Khalid plans to sell Do-All Software, a home-office software package, at a two- day computer Convention in Abu Dhabi. Khalid can purchase this software from a computer software wholesaler at $120 per package, with the privilege of returning all unsold packages and receiving a refund per package of $120. The packages will be sold for $200 each. He has already paid $2000 to computer conventions, Inc., for the booth rental for the two-day convention. Assume there are no other costs. 1. What profits will Khalid make for different quantities of packages sold? 2. Derive the formula of the BEP. 3. Compute the breakeven point. 4. if Khalid purchased 200 units of the software package then sold only 150 units, compute the total cost. 5. if Khalid sells 10 and 50 units, compute the corresponding revenues. 6. How many units should Khalid sell to reach a profit of $1000