Company ABC produces tennis balls. One dozen tennis balls sells for $5 and has variable costs of $4.
Company ABC produces tennis balls. One dozen tennis balls sells for $5 and has variable costs of $4. ABC's fixed costs are $30,000 per year. How many dozen tennis balls must ABC sell if it wants to earn a profit that equals 10% of sales revenue?
A. 30,000 dozen
B. 50,000 dozen
C. 60,000 dozen
D. 70,000 dozen