Forsman, Inc. has sales of $10,000,000. The contribution margin is 40% and the fixed costs are $1,000,000. The price per unit is $10. The company is

Thank you for answering my question about the Elasticity of Demand option on the Forsman, Inc. question. Could you please explain how you arrived at the answer? I see your calculations, but do not understand how you arrived at some of the figures that were used. How exactly did you arrive at % of change in quantity as - .40% and the Contribution margin of $7,680,000?. In other words, how did you get $40,000,000? And where did the .80 and .60 come from? I would greatly appreciate it if you could break it down further for me, step by step, because I am very unfamiliar with the Elasticity of demand concept and am not understanding how you arrived at the answer. Thank you so much for your assistance..