Arnold purchased a new printing machine and started a small printing shop. As per his calculations, to earn revenue of $4,000 per month, he needs to sell printouts of 20,000 sheets per month. The printing machine has a capacity of printing 35,500 sheets per month, the variable costs are $0.03 per sheet, and the fixed costs are $2,000 per month.

a. Calculate the selling price of each printout. Round to the nearest cent

b. If they reduce fixed costs by $290 per month, calculate the new break-even volume per month. Round up to the next whole number

c. Calculate the new break-even volume as a percent of capacity. % Round to two decimal places

Use formulas provided:

TR = Sx

TC = VCx + FC

P = Sx(VCx + FC)