Cherry Street Market reported the following information for the sales of their only product cherries sold by the pint:TotalPer UnitSales $31500$4.50Variable expenses 9450 1.35Contribution margin 22050$3.15Fixed expenses 13000Net operating income $ 9050Cherry
Street would like to increase their selling price by 50 cents per unit
and feel that this will decrease sales volume by 10%. Should Cherry
Street increase the price and what will the effect be on net operating
income?A) Yes; $3500 increaseB) Yes; $945 increaseC) No; no changeD) No; $945 decrease