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Concord Corporation sells MP3 players for $80 each. Variable costs are $30 per unit, and fixed...

Concord Corporation sells MP3 players for $80 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 players must Concord sell to earn net income of $300000?

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Answer #1
Sale Price                      80
Variable cost                    (30)
Contribution per unit                      50
Fixed cost            120,000
Net Income            300,000
Total contribution required            420,000
No of units sale required 420,000/50
No of units sale required          8,400.00
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