Suppose Sam's Shoe Co.makes only one kind of shoe,which sells for $50 a pair.If they sold 500,000 pairs of shoes,then their total revenue would be:
A) $25,000,000.
B) $10,000.
C) $2,500,000.
D) Cannot answer this question without knowing the cost per pair.

Question

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the number of units sold by the price per unit. Here, 500,000 pairs of shoes sold at $50 each results in $25,000,000 in total revenue.