Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If Sam's sells 500,000 pairs of shoes, what would the company's total revenue be?
A)$25,000,000
B)$10,000
C)$2,500,000
D)Not enough information is given to calculate total revenue.

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the price per unit by the number of units sold. Here, $50 per pair * 500,000 pairs = $25,000,000.