Answer:
The current market price is $11
Explanation:
Profit =Sales -cost
Sales=Price x units
Cost = cost of production x units
Profit =Price x units -cost of production x units
We want to know the current market price
Price= (Profit+ cost of production x units )/units
Price= ($240+$5 x 40 )/40
Price= ($240+$200 )/40
Price= $440/40
Price= $440/40= $11
