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15 April, 23:30

A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. The management forecasts 2% growth in sales each month. Total August sales are anticipated to be:

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  1. 16 April, 00:07
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    Total August sales are anticipated to be $64,260

    Explanation:

    The calculation of total august sales is shown below:

    = August sales units * selling price per unit

    where,

    August sale units = July sales units + 2% of July sales units

    = 6,000 + 2% * 6,000

    = 6,000 + 120

    = 6,120 units

    And, the per unit sales is $10.50

    Now put these values to the above formula

    So, the value would be equal to

    = 6,120 * $10.50

    = $64,260

    Hence, Total August sales are anticipated to be $64,260
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