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    Question

    If the store plans to increase the selling price of

    Electronics by 10% in the next quarter, what will be the new selling price? Calculate the expected revenue if the same number of units are sold. Direction: A retail store sells three types of products: Electronics, Clothing, and Furniture. The following table summarizes the sales data for each product over a six-month period, including the number of units sold, the cost price (CP), and the selling price (SP).
    A New SP тВ╣1,650, Expected Revenue тВ╣1,800,000 Correct Answer Incorrect Answer
    B New SP тВ╣1,650, Expected Revenue тВ╣2,310,000 Correct Answer Incorrect Answer
    C New SP тВ╣1,600, Expected Revenue тВ╣2,600,000 Correct Answer Incorrect Answer
    D New SP тВ╣1,700, Expected Revenue тВ╣2,700,000 Correct Answer Incorrect Answer
    E New SP тВ╣1,750, Expected Revenue тВ╣2,750,000 Correct Answer Incorrect Answer

    Solution

    New Selling Price for Electronics = 1,500 + (10% of 1,500) = 1,500 + 150 = тВ╣1,650 Expected Revenue for Electronics = 1,400 ├Ч 1,650 = тВ╣2,310,000

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