What sales price will be necessary to achieve a target profit of $1 million?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 35P
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Suppose executives estimate that the unit variable cost for their DVD recorder is $100, the fixed cost
related to the product is $10 million annually, and the target volume for next year is 100,000 recorders. What sales price will be necessary to achieve
a target profit of $1 million?

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