Walks Softly sells customized shoes.Currently,it sells 16,000 pairs of shoes annually at an average price of $68 a pair.The company is considering adding a lower-priced line of shoes that will sell for $39 a pair.Walks Softly estimates it can sell 7,000 pairs of the lower-priced shoes but will sell 1,000 less pairs of the higher-priced shoes by doing so.What is the amount of the sales that should be used when evaluating the addition of the lower-priced shoes?
A) $205,000
B) $245,000
C) $313,000
D) $273,000
E) $1,293,000
Correct Answer:
Verified
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