Portmain Industries management has budgeted the following amounts for its next fiscal year:
Increase competition in the market has forced management to consider a price reduction of 10%.In order to maintain the same targeted operating income of $30,000 by what percentage must Portmain increase the number of units sold?
A) increased by 100%
B) increased by 40%
C) increased by 50%
D) decreased by 100%
Correct Answer:
Verified
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