Rally Synthesis Inc. manufactures and sells 80 bottles per day. Fixed costs are $23,000 and the variable costs for manufacturing 80 bottles are $40,000.

Each bottle is sold for $1,500. How would the daily profit be affected if the daily volume of sales drop by 20%?

A. profits are reduced $24,000

B. profits are reduced by $ $8,000

C.profits are reduced by $ $41,000

D.profits are reduced by $ 16,000