Zhang Industries sells a product for $700.Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%.Compute the total sales dollars to be reported on the sales budget for month ended June 30.
A)$280,000.
B)$297,000.
C)$271,600.
D)$288,400.
E)$364,000.

Question

Quizplus · Accepted Answer

Step 1: Calculate the number of units to be sold in June:
400 units * 1.03 = 412 units

Step 2: Calculate the total sales dollars in June:
412 units * $700 per unit = $288,400

Therefore, the correct answer is D) $288,400.

Zhang Industries Sells a Product for $700