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).Solution
New Selling Price for Electronics = 1,500 + (10% of 1,500) = 1,500 + 150 = âš1,650 Expected Revenue for Electronics = 1,400 Ă 1,650 = âš2,310,000
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