As a result of the price increase, an additional $188.50 was made.
The first step here is to find out the increased revenue that was earned on each bag of popcorn:
<em>= New price - old price </em>
= 3.75 - 3.10
= $0.65
The concession stand sold 290 units so the increased amount that was earned was:
<em>= Incremental revenue x Number of units sold </em>
= 0.65 x 290
= $188.50
In conclusion, an additional $188.50 was made.
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