Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 19042016 24852017 28592018 30472019 4199Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2016.Giveyouranswerto2decimalplacesifneeded.Add any workings hereGet a hint
Question
Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 19042016 24852017 28592018 30472019 4199Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2016.Giveyouranswerto2decimalplacesifneeded.Add any workings hereGet a hint
Solution
To calculate the revenue made in 2016, you need to multiply the number of toys sold in that year by the price of each toy.
From the table, we know that the number of toys sold in 2016 was 2485.
The price of each toy was £1.55.
So, the calculation would be:
2485 toys * £1.55/toy = £3851.75
So, the revenue made in 2016 was £3851.75.
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