A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percent, and assuming that the company's product sold for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses?
a. 1 million
b. 100 million
c. 100,000
d. 10,000
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct. ($10 million loss/0.1 = $100 million in revenues. $100 million/$1,000 per unit = 100,000 units)
d. Incorrect.
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