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ur Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed
ur Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Granite City Products Inc. can be sold only for $400 as opposed to the current market price charged of $500 per unit. Granite City Products Inc. has decided to revise its sales price to $400. The annual sales target volume of the product after price revision is 250 units. Granite City Products Inc. wants to earn 30% on its sales amount. What are the target sales revenues? Du ent A. $37,500 B. $100,000 OC. $70,000 OD. $130,000
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