Brian O'Neil intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $400 each. The airline intends to reimburse Brian for any unsold ticket packages. The round-trip tickets will be sold for $500 each. Brian has a tax rate of 30% on his business income.
 
What is the dollar amount of sales required for Brian to earn an after-tax profit of $7,000 if his fixed costs are $10,000? Round to the nearest dollar

Answer rating: 100% (QA)

The cost of each ticket package is 400 Each ticket package is sold for 500 Therefore the profit befo... View the full answer