If the unit price of a product is P, then the amount of spending that the buyers would need to pay for a given quantity Q is equal to:
A) P x Q
B) P + Q
C) P - Q
D) Q - P

Question

Quizplus · Accepted Answer

The formula for calculating the total spending by the buyers is the product of the unit price and the quantity purchased. Therefore, the correct choice is A) P x Q. Option B) is incorrect because it adds the unit price and the quantity, which would result in an incorrect answer. Options C) and D) subtract the quantity from the unit price or vice versa, which is also incorrect.

If the Unit Price of a Product Is P, Then