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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?

$80,000
$90,000
$100,000
$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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