Answer:
[tex]P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars[/tex]
And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:
[tex] 1.02*5000 units= 5100 units[/tex]
And the Total August sales would be given by:
[tex]P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars[/tex]
And the correct answer for this case would be:
$63,750
Explanation:
For this case the original number of sales for this case is 5000 units and the unitary price is given by [tex]12.5 \frac{dollars}{unit}[/tex]
And the total sales for the original case would be given by:
[tex]P_i = 5000 units *12.5\frac{dollars}{unit} = 62500 dollars[/tex]
And for the new case we know that the sales increase by a factor of 2%, so then we can find the new number of sales like this:
[tex] 1.02*5000 units= 5100 units[/tex]
And the Total August sales would be given by:
[tex]P_f = 5100 units *12.5 \frac{dollars}{unit}= 63750 dollars[/tex]
And the correct answer for this case would be:
$63,750