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13 April, 14:01

Walks Softly sells customized shoes. Currently, it sells 16,000 pairs of shoes annually at an average price of $68 a pair. The company is considering adding a lower-priced line of shoes that will sell for $39 a pair. Walks Softly estimates it can sell 7,000 pairs of the lower-priced shoes but will sell 1,000 less pairs of the higher-priced shoes by doing so. What is the amount of the sales that should be used when evaluating the addition of the lower-priced shoes?

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  1. 13 April, 14:28
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    amount of the sales is $205000

    Explanation:

    given data

    sells = 16000 shoes

    average price = $68 a pair

    lower-priced shoes sells = $39 a pair

    sell lower-priced shoes = 7000 pairs

    sell higher priced = 1000 pairs

    to find out

    amount of the sales

    solution

    we will calculate amount of the sales as given formula that is

    amount of the sales = sell lower-priced shoes * lower-priced - sell higher priced * average price

    put here all these value we get

    amount of the sales = 7000 * 39 - 1000 * 68

    amount of the sales = 205000

    so here amount of the sales is $205000
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