Question
Part 1: In year 1, the firm sold 300 units of its product at$ 5 per unit. In year 2, the price decreased to$ 4
Part 1:
In year 1, the firm sold 300 units of its product at$ 5 per unit. In year 2, the price decreased to$ 4 per unit, but the firm increased the number of units sold to 400 units.
What was the firms total revenue in year 1? What was the firms total revenue in year 2? What was the percentage change in the firms total revenue from year 1 to year 2?
Part 2:
A toy company sold 500 remote controlled helicopter in the previous month for$ 30 each. However, 50 were returned because they didnt fly right. What was the company net sales revenue?
Part 3:
Nissan sells the following vehicles, here are the types and list prices: Compact: $18,000 Mid-size: $28,000 SUV : $32,000 Truck: $45,000 Nissan sold 55 compacts, 76 mid-size, 110 SUV and 105 trucks last month. What is their total sales revenue? A new advertising campaign for trucks starts the following month, If truck sales increase by 20 vehicles, what will the new sales revenue be?
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