Question

Grace manufactures and sells miniature digital cameras for exist330 each. 2,000 units were sold in May, and management forecasts 4% growth in unit sales each month.
Determine the number of units of camera sales for the month of June.
Number of camera sales ______________ units
Determine the dollar amount of camera sales for the month of June.
Amount of camera sales ____________

Answer 1

Answer:

2,080 units

$686,400

Explanation:

The computation of the number of camera sales in units is shown below:-

Number of camera sales in units = Sold units + (Sold units × Percentage of growth in units sales)

= 2,000 + (2,000 × 4%)

= 2,000 + 80

= 2,080 units

The computation of the amount of camera sales is shown below:-

Amount of camera sales = Number of units × Selling price per unit

= 2,080 × $330

= $686,400