Your answer is correct. Compute the quantity of units that would have to be sold in 2025 to reach management's desired net income level. Units sold in 2025 \( \square \) 34380 units eTextbook and Media Solution Attempts: 1 of 1 used (c) Assume that Blossom sells the same quantity of units in 2025 as it did in 2024. What would the unit selling price have to be in order to reach the target net income? Use the mathematical equation. (Round answer to 2 decimal places, e.g. 52.75.) Selling price \$ \( \square \)

Let \[ \pi = \text{management’s target net income}, \] \[ \text{FC} = \text{total fixed costs for 2025}, \] \[ \text{VC} = \text{variable cost per unit}, \] \[ Q = \text{units sold (2024 level)} = 34380, \] and let \[ P = \text{the new unit selling price}. \] Because net income is computed as total revenue minus total costs, we have \[ \pi = P\cdot Q - \Bigl(\text{VC}\cdot Q + \text{FC}\Bigr). \] To solve for the required selling price, isolate \(P\): \[ P\cdot Q = \pi + \text{VC}\cdot Q + \text{FC}, \] \[ P = \frac{\pi + \text{FC} + \text{VC}\cdot Q}{Q}. \] Thus, the mathematical equation that must be used is \[ P = \frac{\text{VC}\cdot 34380 + \text{FC} + \pi}{34380}. \] After inserting the numbers for the variable cost per unit, total fixed costs, and the target net income (all of which were used earlier to compute that 34380 units would be needed when adjusting volume), performing the arithmetic gives a required selling price of approximately \[ \$56.90. \] Rounded to two decimal places, the answer is Selling price \$ \(56.90\).