Problem $3-57($Algo$)$ CVP Analysls$-$Mlssing Data $($LO $3-1)$

Chandler Packaged Treats $($CPT$)$ sells a specialty pet food to pet stores. CPT management prides itself on its scientific management

methods. Applying those methods, the controller estimates the following monthly costs based on $10,000$ units $($produced and sold$)$:

Requlred:

a$.$ Compute CPT$\text{'}$s unit selling price that will yield a profit of $$222,000,$ given sales of $10,000$ units.

b$.$ What dollar sales does CPT need to achieve to generate a $15$ percent profit on sales, assuming variable costs per unit are $55$

percent of the selling price per unit and fixed costs are $$197,100.$

c$.$ Management believes that a selling price of $$100\mathrm{.}00$ per unit is reasonable given current market conditions. How many units must

CPT sell to generate the revenues $($dollar sales$)$ determined in requirement $($b$)?$

Complete this question by entering your answers in the tabs below.

Compute CPT$\text{'}$s unit selling price that will yield a profit of $$222,000,$ given sales of $10,000$ units.

Note: Round your answer to $2$ decimal places.

Selling price