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 August sales are anticipated to be:
A) $63,000.
B) $67,500.
C) $61,250.
D) $64,260.
E) $60,000.

Question

Quizplus · Accepted Answer

The July sales are 6,000 units at $10.50 each, totaling $63,000. With a 2% growth in sales, the number of units sold in August would be 6,000 * 1.02 = 6,120 units. The total sales for August would then be 6,120 units * $10.50 = $64,260.

A July Sales Forecast Projects That 6,000 Units Are Going