Our company manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for February should be:

The correct answer is $173056.

Explanation:

The price of electric staplers is $16 per unit.

The quantity of staplers sold in December is 10,000.

A 4% growth rate for each month has been forecast by the management.

The quantity of staplers sold in January will be

=10000 + (4% of 10000)

= 10400

The quantity of staplers sold in February will be

=10400 + (4% of 10400)

= 10816

Thus the budget sale for stapler for the month of February will be

=10816 x $16

=$173056