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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 256 balloons each month. His largest competitor, Paul, sells 747 balloons each month
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Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 256 balloons each month. His largest competitor, Paul, sells 747 balloons each month at a price of $4.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What are Levon's revenues?

User Kamalakshi
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1 Answer

4 votes

Answer:

Levon's revenue = $2048

Step-by-step explanation:

Levon sells 256 ballons at a price of $8.00 per balloon.

Hence by this sales, he earns revenue = price * quantity =$8 * 256= $2048

Levon's revenue = $2048

User Dan Keezer
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