Last year you sold 520 boxes of doughnuts at a price of $10

Finance Feb 07, 2021

Last year you sold 520 boxes of doughnuts at a price of $10.00 per box. This year you plan to increase unit sales by 50% and raises prices 10%. What do you forecast total doughnut sales to be this year?

Expert Solution

Computation of Total Sales for Current Year:

Sales for Last year = 520 boxes

Sales for Current Year = 520 boxes*(1+50%) = 780 boxes

Sales price for Last year = $10 per box

Sales Price for Current Year = $10*(1+10%) = $11 per box

Total Sales for Current Year = 780 boxes*$11 per box = $8,580

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