Patricia Handles the Sales and Marketing Department for the Organization

Patricia handles the sales and marketing department for the organization and is currently busy in the marketing of new product. Based on her analysis, the company will achieve their target sales of 250 units in the first month of product's launch and 275 units in the following month. The cost of the product to the company is $230 per unit, and the company has decided to sell this product at maximum retail price (MRP) of $300. The company is expecting a sales return of 7% and factored in a prompt payment discount of 1.5% from its suppliers. What will the net sales be in the first month assuming Patricia's assumptions are correct? (Do not round values during your intermediate calculations.)

A) $53,475
B) $68,704
C) $69,750
D) $75,000