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A business forecasts sales of 2,000 units at a price of $50 each. What is the ex
A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?
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Practice Questions
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Q1
A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?
$80,000
$90,000
$100,000
$110,000
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Total Sales Revenue = Forecasted Sales x Price per Unit = 2,000 x $50 = $100,000.
Questions & Step-by-step Solutions
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Q
Q: A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?
Solution:
Total Sales Revenue = Forecasted Sales x Price per Unit = 2,000 x $50 = $100,000.
Steps: 5
Show Steps
Step 1: Identify the number of units expected to be sold. In this case, it is 2,000 units.
Step 2: Identify the price at which each unit will be sold. Here, the price is $50 per unit.
Step 3: Multiply the number of units by the price per unit to find the total sales revenue. So, calculate 2,000 units x $50.
Step 4: Perform the multiplication: 2,000 x 50 = 100,000.
Step 5: The result, $100,000, is the expected total sales revenue.
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