Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 44302016 10932017 45962018 44182019 2486Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2018.Giveyouranswerto2decimalplacesifneeded
Question
Atoycompanyisrepresentedinthetableshowingthenumberoftoyssoldbetween2015and2019.Year Sales2015 44302016 10932017 45962018 44182019 2486Giventhepriceofatoyremainedat£1.55between2015and2019,calculatetherevenuemadein2018.Giveyouranswerto2decimalplacesifneeded
Solution
To calculate the revenue made in 2018, 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 2018 was 4418.
The price of each toy was £1.55.
So, the calculation would be:
4418 (toys sold) * £1.55 (price per toy) = £6847.90
So, the revenue made in 2018 was £6847.90.
Similar Questions
Astickercompanyisrepresentedinthetableshowingthenumberofstickerssoldbetween2015and2019.Year Sales2015 25002016 22862017 27812018 26822019 2665Giventhepriceofastickerremainedat£1.55between2015and2019,calculatetherevenuemadein2015.Giveyouranswerto2decimalplacesifneeded
In2019,arestauranthadfixedcostsof£626000.Therestauranthadtotalvariablecostsof£320000andsold100000units.Calculatethetotalcostsoftherestaurantin2019.Onlyincludenumbersinyouranswer.
Adrinkscompanyhassold86bottlesatapop-upstall.Attheendofthepop-upstall,arevenueof£130wasmade.Whatwasthesalepriceofthebottles?Giveyouranswerto2decimalplaces.
.AwholesalerofricebuyshergoodsfromTheRiceMasteratacostofGHS20forthe first200bags.Thispriceishoweverdecreasedby50pesewastimesthenumberof additionalbagsorderedabove200bags.Orderscannotbelessthan200units.The sellingpriceisafunctionofthenumberofbagsofriceorderedanditisgivenas p=22-0.01xwherexisthenumberofbagsofriceorderedinamonth. a.Whatnumberofunitsbeorderedtomaximiseprofit? b.Whatisthecorrespondingmaximumprofit? c.Ordersisrestrictedtoamaximumof4000bagsforonewholesaler,do youthinkitisworthorderingthemaximumnumberofbagsofrice?
AsmalltieshopsellstiesforGHC3.50each.Thedailycostfunctionisestimatedto beC(x)dollarswherexisthenumberoftiessoldonatypicaldayandC(x)= 0.0006x3–0.03x2+2x+20.Findthevalueofxthatwillmaximizethestore’sdaily profit
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.