Answer the Following Questions Using the Information Below:
the Following

question 33

Multiple Choice

Answer the following questions using the information below:
The following information is for Mt.Panorama Company:
$\begin{array}{lr}\text { Selling price } & \$ 300 \text { per unit } \\\text { Variable costs } & \$ 180 \text { per unit } \\\text { Total fixed costs } & \$ 500000\end{array}$
-If targeted operating profit is $120 000,then targeted sales revenue is:

• A)$1 550 000.
• B)$700 000.
• C)$950 000.
• D)$1 050 000.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Marginal Cost

The rise in overall expenses associated with the production of an extra unit of a good or service.

Price Discrimination

A strategy for setting prices where the same or very similar products or services are offered at different prices by the same seller in various markets.

Pricing Scheme

A strategy or method used by businesses to set prices for their products or services, often designed to optimize profits, market share, or customer satisfaction.