Cameroon corp. manufactures and sells electric staplers for $16.90 each. if 10,000 units were sold in december, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for february should be:

Question

Sarai Robles

Mathematics

12 January, 15:18

Cameroon corp. manufactures and sells electric staplers for $16.90 each. if 10,000 units were sold in december, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for february should be:

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Apollo · Answer 1

From December to February, there are 2 months that elapsed. Given that the number of units sold is increased by 4% every month, the units sold on February is calculated through the equation,

N = (10,000) x (1.04) ^2

N = 10,816 staplers

Each unit is sold at a price of $16.90. Calculating for the total sales,

T = ($16.90) (10,816)

T = $182,790.4

Thus, the total amount of sales for the stapler is approximately $182,790.4.