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3 April, 10:01

Edna's Chocolates had planned to sell chocolate-covered strawberries for $3.00 each. Due to various factors, the actual price was $2.75. Edna's was able to sell 1,000 more strawberries than the anticipated 4,000. What is (1) the quantity factor and (2) the price factor for sales?

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  1. 3 April, 10:03
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    A. $3,000

    B. - $1,250

    Explanation:

    1. Quantity Factor

    Mathematically, the quantity factor can be calculated as follows:

    (Actual sales - Planned sales) * Planned sales price

    From the values in the question, we identify the golly:

    Actual sales = 4,000 + 1,000 = 5,000

    Planned sales = 4,000

    Planned sales price = $3

    Quantity factor = (5,000-4,000) * $3 = $3,000

    2. Price factor for sales

    Mathematically, this can be calculated as:

    Price factor for sales = (Actual selling price per unit - Planned selling price per unit) * Actual units sold

    From the question, we can identify the values as follows:

    Actual selling price per unit = $2.75

    Planned selling price per unit = $3

    Actual units sold = 5,000

    Price factor for sales = (2.75-3) * 5,000 = - $ 1,250
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