Ask Question
29 July, 07:49

Edna's Chocolates had planned to sell chocolate-covered strawberries for $3.00 each. Due to various factors, the actual price was $2.75. Edna's was able to sell 1,000 more strawberries than the anticipated 4,000. What is (1) the quantity factor and (2) the price factor for sales?

+4
Answers (1)
  1. 29 July, 10:22
    0
    A. $3,000

    B. - $1,250

    Explanation:

    1. Quantity Factor

    Mathematically, the quantity factor can be calculated as follows:

    (Actual sales - Planned sales) * Planned sales price

    From the values in the question, we identify the golly:

    Actual sales = 4,000 + 1,000 = 5,000

    Planned sales = 4,000

    Planned sales price = $3

    Quantity factor = (5,000-4,000) * $3 = $3,000

    2. Price factor for sales

    Mathematically, this can be calculated as:

    Price factor for sales = (Actual selling price per unit - Planned selling price per unit) * Actual units sold

    From the question, we can identify the values as follows:

    Actual selling price per unit = $2.75

    Planned selling price per unit = $3

    Actual units sold = 5,000

    Price factor for sales = (2.75-3) * 5,000 = - $ 1,250
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Edna's Chocolates had planned to sell chocolate-covered strawberries for $3.00 each. Due to various factors, the actual price was $2.75. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers