Bob started a small home made wood products business. He has a goal of contributing 25,000 to his grand sons college expenses. With this website up and running he is estimating his sales at 9000 to 1000 units this year. Given the following cost information, what should his minimum sedlling price be per unit.
Fixed cost $ 7000
Variable cost/unit. $6.00
Most likely sales. $9,000
Target profit. $25,000