A video game is released at $60. If it sells 1 million copies in the first month

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Question: A video game is released at $60. If it sells 1 million copies in the first month, what is the total revenue?

Options:

Correct Answer: $60 million

Solution:

Total revenue = Price per copy * Number of copies sold = 60 * 1,000,000 = $60 million.

A video game is released at $60. If it sells 1 million copies in the first month, what is the total revenue?

A video game is released at $60. If it sells 1 million copies in the first month, what is the total revenue?

Step 1: Identify the price of the video game, which is $60.
Step 2: Identify the number of copies sold in the first month, which is 1 million copies.
Step 3: Convert 1 million copies into a number, which is 1,000,000.
Step 4: Use the formula for total revenue: Total revenue = Price per copy * Number of copies sold.
Step 5: Substitute the values into the formula: Total revenue = 60 * 1,000,000.
Step 6: Calculate the total revenue: 60 * 1,000,000 = 60,000,000.
Step 7: Convert 60,000,000 into millions: 60,000,000 is the same as $60 million.

Revenue Calculation – Understanding how to calculate total revenue by multiplying the price per unit by the number of units sold.