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A business forecasts sales of 2,000 units at a price of $50 each. What is the ex

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Question: A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?

Options:

  1. $80,000
  2. $90,000
  3. $100,000
  4. $110,000

Correct Answer: $100,000

Solution: 

Total Sales Revenue = Forecasted Sales x Price per Unit = 2,000 x $50 = $100,000.

A business forecasts sales of 2,000 units at a price of $50 each. What is the ex

Practice Questions

Q1
A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?
  1. $80,000
  2. $90,000
  3. $100,000
  4. $110,000

Questions & Step-by-Step Solutions

A business forecasts sales of 2,000 units at a price of $50 each. What is the expected total sales revenue?
  • 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.
  • Sales Revenue Calculation – Understanding how to calculate total sales revenue by multiplying the number of units sold by the price per unit.
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