Unique Company manufactures a single product. In the prior year, the company had sales of Php90,000, variable costs of Php50,000, and fixed costs of Php30,000. Unique expects its cost structure and sales price per unit to remain the same in the current year, however total sales are expected to increase by 20 percent. If the current year projections are realized, net income should exceed the prior year’s net income by:
a. 100 percent
b. 80 percent
c. 20 percent
d. 50 percent.