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

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.