Question

A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The management forecasts 2% growth in sales each month. Total July sales are anticipated to be:

A) $63,000.
B) $67,500.
C) $61,250.
D) $64,260.
E) $60,000.

Answer 1

correct option is option A.

Explanation:

July sales forecast = 6000 units

cost of one unit which is going to be sold = $10.50 per unit

total sale in the month of July is equal to

= 6000 × $10.50

= $63,000

hence the total sale in the month of July comes out to be = $63,000

so, the correct option is option A.