Steves Lamps is holding a one-week sale at Indiana University Kokomo. Steve plans to sell his lamps for $100 each. He buys his lamps from a Chinese supplier for $50. The University is offering Steve two payment alternatives for the use of their space. Option one is a fixed payment of $4,000 and option two is 10% of the profits. Above how many lamps does option one begin to outperform option two?

Group of answer choices

800

40

100

400

200