Contribution MArgin ration = 0.37 = 37%
Fixed cost = 85,500-17,100 =$68,400
NEt income to Earn = 46,400
Net operating income Must earn = Netincome /(1-Tax) = 46,400 /(1-40%) = 77,333.33
Sales Revenue = (Fixed cost + Net operting income ) / CM ratio
= (68,400+77,333.00)/37% = $393,873.87 =$393,874 (Answer)
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