A company gives the information below for one year: - sales: $\$400\,000$ - total variable costs: $\$240\,000$ - total contribution: $\$160\,000$ - total fixed costs: $\$100\,000$ - profit for the year: $\$60\,000$ The company intends to raise the sales volume by $20\%$ by cutting the selling price by $10\%$. Total fixed costs and variable cost per unit will stay the same. What will be the change in profit for the year?
- A$8\%$ increase
- B$10\%$ decrease
- C$21.33\%$ increase
- D$26.67\%$ decrease