Quality Chairs Inc.(QC)manufactures chairs for industrial use.Laura Winters,the Vice President for Marketing at QC,concluded from market analysis that sales were dwindling for QC's standard three-foot chair due to aggressive pricing by competitors.QC's chairs sold for $550 whereas the competition's comparable chair was selling for $495.Winters determined that a price drop to $495 would be necessary to regain market share and annual sales of 10,000 chairs.
Cost data based on sales of 10,000 chairs:
The current cost per unit is:

Question

Quality Chairs Inc.(QC)manufactures chairs for industrial use.Laura Winters,the Vice President for Marketing at QC,concluded from market analysis that sales were dwindling for QC's standard three-foot chair due to aggressive pricing by competitors.QC's chairs sold for $550 whereas the competition's comparable chair was selling for $495.Winters determined that a price drop to $495 would be necessary to regain market share and annual sales of 10,000 chairs.
Cost data based on sales of 10,000 chairs: 
The current cost per unit is:

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The Answer of Quality Chairs Inc.(QC)manufactures chairs for industrial use.Laura Winters,the Vice President for Marketing at QC,concluded from market analysis that sales were dwindling for QC's standard three-foot chair due to aggressive pricing by competitors.QC's chairs sold for $550 whereas the competition's comparable chair was selling for $495.Winters determined that a price drop to $495 would be necessary to regain market share and annual sales of 10,000 chairs.
Cost data based on sales of 10,000 chairs: 
The current cost per unit is: