Green Grow is a business selling organic fertiliser bags for \(\$ 24\) each. This year, Green Grow's fixed cost totals \(\$ 110000\). The variable cost per bag is \(\$ 14\).

Required:

a What is the break-even point in number of bags?

b How many bags does Green Grow need to sell to earn a profit of \(\$ 70000\) ?

c If the total fixed cost increases to \(\$ 160000\) next year:

i what will Green Grow's break-even point be in number of bags?

ii what profit (or loss) will Green Grow have if it sells 30000 bags?

iii how many bags will Green Grow have to sell to earn a profit of \(\$ 70000\) ?