You have been provided with the following information for Sell It, a business that sells earrings.

• Selling price per pair of earrings = $200
• Variable cost per pair of earrings = $120
• Total Fixed cost per year = $140,000 
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• Required:
• 1. Breakeven point (no profit or loss) in pairs of earrings to be sold.
• 2. Number of units (pairs of earrings) that needs to be sold if the business wants to generate a profit of $35,000 for the year.