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XYZ, inc. makes and sells bicycle parts. Last year XYZ sold 5,500 handlebars, generating sales of $110,000. This year they are considering a new pricing

XYZ, inc. makes and sells bicycle parts. Last year XYZ sold 5,500 handlebars, generating sales of $110,000. This year they are considering a new pricing strategy with a target profit goal of $11,000. They determined that for every $3 increase to the selling price, a 300 decrease in unit sales was expected. Their total costs were $110,000 with fixed costs accounting for $61,000. This year, XYZ, inc. is considering changing the selling price to $27.

If XYZ implements the price change under consideration, what will be the new expected sales volume (in units)?

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