Assuming the selling price and cost changes in the Marketing Plan are adopted, determine the number of knives the company would need to sell in 2020 in order to earn $200,000 in profit. For full credit, please show the elements of your computations

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.