A small custom bicycle helmet manufacturer has a profit goal of $60,000 for a product selling for $40 per unit. The company's total fixed costs are $40,000, and its contribution margin is $25. Using break-even analysis, how many custom bike seats (units) must be sold to meet the profit goal? Please show your formula to explain how you arrived at your answer.

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The Answer of A small custom bicycle helmet manufacturer has a profit goal of $60,000 for a product selling for $40 per unit. The company's total fixed costs are $40,000, and its contribution margin is $25. Using break-even analysis, how many custom bike seats (units) must be sold to meet the profit goal? Please show your formula to explain how you arrived at your answer.

A Small Custom Bicycle Helmet Manufacturer Has a Profit Goal