Ruben intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $150 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5,000 in advertising costs.

How many ticket packages will Ruben need to sell in order to achieve $60,000 of operating income?

1,100 packages

1,300 packages

367 packages

434 packages