Answer:
Effect on income= $34,400 increase
Step-by-step explanation:
Giving the following information:
Actual price= $52
New variant price= $73
Number of units= 8,600 gallons
Total cost= $146,200
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in income - total cost
Effect on income= 8,600*(73 - 52) - 146,200
Effect on income= $34,400 increase