Question

Tsintah weaves traditional Navaho rugs. She weaves and sells 50 rugs. Her average cost of production per rug is $50. She sells each rug for a price of $65. Tsintah’s total revenues are a. $750. b. $2,500. c. $3,250. d. $5,750.

Answer 1

Tsintah’s total revenue = $3,250

Step-by-step explanation:

Given:

Number of rugs sale = 50

Cost of production of 1 rug = $50

Sales amount of each rug = $65

Find:

Tsintah’s total revenue

Computation:

Total revenue = Number of product sale × sales price

Tsintah’s total revenue = Number of rugs sale × Sales amount of each rug

Tsintah’s total revenue = 50 × $65

Tsintah’s total revenue = $3,250