Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase in unit volume sales this year with a 40 percent price increase. Returned merchandise will represent 5 percent of total sales. What is your net dollar sales projection for this year

Question

Riya Ellis

Business

23 January, 13:35

Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase in unit volume sales this year with a 40 percent price increase. Returned merchandise will represent 5 percent of total sales. What is your net dollar sales projection for this year

+2

Answers (1)

Know the Answer?

Rylie Munoz · Answer 1

Net dollar sales projection for this year = 516,971.00

Explanation:

Projected sales volume

130% * 4,600 = 5,980units

Project selling price

=140% * $65

= $91

Total sales value

= $91 * 5980units

= $ 544,180.00

Net dollar sales projection

= Total sales value - Returned merchandise

= 544,180.00 - (5% * 544,180.00)

= $ 516,971.00

Net dollar sales projection for this year = 516,971.00