a-company-sells-500-units-at-30-each-after-a-price-increase-to-35-the-quantity-s

Question

A company sells 500 units at $30 each. After a price increase to $35, the quantity sold drops to 400 units. Calculate the total revenue before and after the price change.

Accepted Answer

Before: $15,000; After: $14,000

Answer

Before: $14,000; After: $15,000

Answer

Before: $15,000; After: $15,000

Answer

Before: $14,000; After: $14,000

A company sells 500 units at \$30 each. After a price increase to \$35, the quantity sold drops to 400 units. Calculate the total revenue before and after the price change.