Question

A July sales forecast projects that 6,500 units are going to be sold at a price of $11.00 per unit. Management forecasts 15% growth in sales each month. Total July sales are anticipated to be: Multiple Choice

a. $76,950.

b. $71,250.

c. $68,400.

d. $67,500.

e. $74,100.

Answer 1

$82,225

Step-by-step explanation:

The computation of the anticipated July sales is shown below:

= Number of units sold × selling price per unit + Growth Percentage given × Sales revenue

= 6,500 units × $11 + 6,500 × $11 × 15%

= $71,500 + $10,725

= $82,225

This is the answer but the same is not provided in the given options

Simply first we find out the sales revenue and then added it with the growth percentage which is given in the question