Information Concerning Clarkson Corporation's Product a Follows $\begin{array}{ll}\text { Sales } & \$ 300,000 \\\text { Variable costs } & 240,000 \\\text { Fixed costs } & 40,000\end{array}$

Multiple Choice

Information concerning Clarkson Corporation's Product A follows: $\begin{array}{ll}\text { Sales } & \$ 300,000 \\\text { Variable costs } & 240,000 \\\text { Fixed costs } & 40,000\end{array}$ Assuming that Clarkson increased sales of Product A by 20 percent,what should the profit from Product A be?

A) $20,000
B) $24,000
C) $32,000
D) $80,000