Karen Sandberg, Your Competition in Suburban State U's T-Shirt Market

question 81

Multiple Choice

Karen Sandberg, your competition in Suburban State U's T-shirt market, has apparently been undercutting your prices and outperforming you in sales. Last week she sold 120 tie-dyed shirts for $12 each, 80 (low quality) crew shirts at $1 apiece, and 50 lacrosse T-shirts for $6 each. Use matrix operations to calculate her total revenue for the week. ​

• A)$1,825
• B) $1,821
• C) $1,820
• D) $1,810
• E) $1,805

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Definitions:

Government Revenue

The total income received by the government from taxes, fees, fines, and other sources to finance public services and goods.

Latte

A coffee drink made with espresso and steamed milk, often enjoyed for its creamy texture and rich flavor.

Quota

A limited quantity of a particular product that under official controls can be produced, exported, or imported.

Excise Tax

A tax charged on specific goods and services, such as tobacco and alcohol, often imposed to discourage their use or to generate revenue.