M and M Inc produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000 What is the amount of sales that will be necessary to earn the desired profit?
a. $75,000
b. $50,000
c. $83,333
d. $125.000
