Q7: A company manufacturing toys has a fixed cost of $100,000. The variable cost is $6...

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Q7: A company manufacturing toys has a fixed cost of $100,000. The variable cost is $6 per toy. The selling price is $10 per toy. The company's target profit is $120,000. How many toys should be sold to reach the target profit? The company found that its variable cost is going to increase by $2 and plans to raise its selling price by $3 and reduced the fixed costs by $20,000. How many more(fewer) toys have to be sold at the new price to reach the target profit of $120,000? What is the markup on the total cost? What is the margin on the Sales price? Was it a good idea to raise the price? ● ● ● Q7: A company manufacturing toys has a fixed cost of $100,000. The variable cost is $6 per toy. The selling price is $10 per toy. The company's target profit is $120,000. How many toys should be sold to reach the target profit? The company found that its variable cost is going to increase by $2 and plans to raise its selling price by $3 and reduced the fixed costs by $20,000. How many more(fewer) toys have to be sold at the new price to reach the target profit of $120,000? What is the markup on the total cost? What is the margin on the Sales price? Was it a good idea to raise the price? ● ● ●