EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $23 per dozen. Their current volume is 4,850 dozen per month. They are considering reducing their sales price by 23% per dozen. What are EasyFind's total current revenues per month

Respuesta :

The total current revenues per month from EasyFind's company is $85893.5

What is the meaning of Total Revenue?

Total revenue, often known as the entire sales, is the total money made by an organization from all merchandise sold.

  • If the present price of the golf ball = $23 and;
  • The volume of sales monthly = 4850.

Therefore, the monthly total revenue = $(23 × 4850) = $111,550

However, if we consider reducing the price by 23% per dozen, we have:

[tex]\mathbf{= \dfrac{23}{100} \times 111550}[/tex]

= $25656.5

Now, the total current revenue per month will be:

= $111550 - $25656.5

= $85893.5

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