Manx Company had $169,750of net income in 2012 when the selling price per unit w

Question

Manx Company had $169,750of net income in 2012 when the selling price per unit was $190, the variable costs per unit were $70, and the fixed costs were $1,222,250. Management expects per unit data and total fixed costs to remain the same in 2013. The president of Manx Company is under pressure from stockholders to increase net income by $57,990in 2013.
Compute the number of units sold in 2012. (Round answers to 0 decimal places, e.g. 1,750.)

The Number of Units Sold
units Manx Company had $169,750of net income in 2012 when the selling price per unit was $190, the variable costs per unit were $70, and the fixed costs were $1,222,250. Management expects per unit data and total fixed costs to remain the same in 2013. The president of Manx Company is under pressure from stockholders to increase net income by $57,990in 2013.

Explanation / Answer

let no of unit sold be x so 190x - 70x - 1222250 = 169750 x = 11,600

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