Assume University T-Shirt Shop has a selling price of $25 and unit variable cost of $10 for its long-sleeve cotton shirts. Fixed costs total $1,000. University believes increasing its price to $27 its sales volume will drop by 5 percent. If University's sales volume for the month was estimated to be 300 shirts before the price increase, how will net profit be affected by the change in selling price? a. $395 increase.
B) $345 increase.
C) $345 decrease.
D) $150 increase.
E) $150 decrease.

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The Answer of Assume University T-Shirt Shop has a selling price of $25 and unit variable cost of $10 for its long-sleeve cotton shirts. Fixed costs total $1,000. University believes increasing its price to $27 its sales volume will drop by 5 percent. If University's sales volume for the month was estimated to be 300 shirts before the price increase, how will net profit be affected by the change in selling price? a. $395 increase.
B) $345 increase.
C) $345 decrease.
D) $150 increase.
E) $150 decrease.

Assume University T-Shirt Shop Has a Selling Price of $25