Multiple Choice Question

Jen's Shampoo's net income was $$40,000.$ A decision was made to decrease the sales price from $$28$ to $$23$ per bottle, decrease variable costs from $$12$ to $$8,$ and decrease total fixed costs from $$30,000$ to $$18,000.$ The changes resulted in the number of bottles sold decreasing from $4,375$ to $4,300.$ As a result of these changes, net income $.$

increased by $$4,400$

did not change

decreased by $$4,400$

increased by $$6,500$

decreased by $$6,500$