Lyle Industries sold 80,000 ice chests at $30 each during April of 2010.Unit sales are projected to increase 5% in May and June while the selling price will be increased by $2.00 for May and another $1 in June.The estimated sales revenue for June of 2010 is:

Question

Quizplus · Accepted Answer

To calculate the estimated sales revenue for June, we need to first calculate the number of ice chests sold in May and June:
- May: 80,000 x 1.05 = 84,000 ice chests
- June: 84,000 x 1.05 = 88,200 ice chests

Next, we need to calculate the selling price for each month:
- May: $30 + $2 = $32
- June: $32 + $1 = $33

Finally, we can calculate the estimated sales revenue for June:
- June: 88,200 x $33 = $2,910,600

Therefore, the best choice is B.

Lyle Industries Sold 80,000 Ice Chests at $30 Each During