Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 22222016 11372017 32542018 39662019 1552Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2016.Giveyouranswerto2decimalplacesifneeded.
Question
Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 22222016 11372017 32542018 39662019 1552Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2016.Giveyouranswerto2decimalplacesifneeded.
Solution 1
The revenue made in 2016 can be calculated by multiplying 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 1137.
The price of each toy was £1.55.
So, the calculation would be:
1137 (toys) * £1.55 (price per toy) = £1762.35
Therefore, the revenue made in 2016 was £1762.35.
Solution 2
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 company sold 1137 toys in 2016. The price of each toy is £1.55.
So, the calculation would be:
1137 (toys) * £1.55 (price per toy) = £1762.35
So, the revenue made in 2016 was £1762.35.
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