Question 1 (1 point) Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:

Question 1 (1 point)

 Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:

Units Sold       Price               TotalVariableCosts       Fixed Costs

120,000            $48                        $3,000,000                $1,000,000

142,500            $45                         $3,540,000               $1,000,000

160,000            $40                         $4,000,000               $1,000,000

180,000            $35                         $4,500,000               $1,000,000

200,000           $30                          $5,000,000               $1,000,000

How much profit will Troy have if a price of $45 is charged?

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