Question

a car dealership sells 48 cars of the same model in one month. the average price of each car is $25,000 with a maximum variance of $3,000 due to additional options. what is the range of the total revenue that the car dealership makes for the months sales of this car model?​

Answer 1

Answer:

Range= $144,000

Step-by-step explanation:

The least amount for each car is 22,000 and the highest is 25,000

so assuming the dealer sells all of them the lowest price, the revenue would be, $1,056,000 (that would be the lowest revenue) and assuming he sells all the cars at the highest price, the dealer will get a revenue of $1,200,000. So the lowest revenue is 1,056,000 and the highest revenue is 1,200,000. So to find the range subtract the highest revenue by the lowest and you’ll get $144,000.