Atlas Company Sells Only One Product at a Regular Price

Multiple Choice

Atlas Company sells only one product at a regular price of $10.00 per unit.Variable expenses are 70% of sales, and fixed expenses are $50,000.Management has decided to decrease the selling price to $9.00 in the hope of increasing its volume of sales.What is the sales dollars level required to break even at the old price of $10.00? (Note: Round answer to two decimal places.)

A) $166,666.67
B) $126,000.50
C) $180,000.30
D) $150,000.25