Calculate the profit earned if the selling price is reduced to £60 and the demand rises to 18,900 units sold.

Your organization Ambleside Limited produces one product that is sold for £65 per unit. Each of these units has variable costs as follows:5 hours labour at £4.60 per hour Royalties at £2.80 per unit 6 square meters of material per unit at £2.60 per square meter
The fixed costs of Ambleside Limited are £30,000.

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