Question 10 The following figures are related to LM Limited for the year ending 31st March, 2014 : Sales - 24,000 units @*200 per unit; PN Ratio 25% and Break-even Point 50% of sales. You are required to calculate: (i)Fixed cost for the year (ii) Profit earned for the year (iii)Units to be sold to earn a target net profit of 11,00,000 for a year. (iv)Number of units to be sold to earn a net income of 25% on cost. (v) Selling price per unit if Break-even Point is to be brought down by 4,000 units