Multiple Choice
Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Granite City Products Inc. can be sold only for $440 as opposed to the current market price charged of $540 per unit. Granite City Products Inc. has decided to revise its sales price to $440. The annual sales target volume of the product after price revision is 260 units. Granite City Products Inc. wants to earn 30% on its sales amount.
What are the target sales revenues?
A) $148,720
B) $114,400
C) $80,080
D) $42,120
Correct Answer:
Verified
Correct Answer:
Verified
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