Sales of Granite City Products Inc

question 167

Multiple Choice

Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Granite City Products Inc. can be sold only for $440 as opposed to the current market price charged of $540 per unit. Granite City Products Inc. has decided to revise its sales price to $440. The annual sales target volume of the product after price revision is 260 units. Granite City Products Inc. wants to earn 30% on its sales amount.
What are the target sales revenues?

• A) $148,720
• B) $114,400
• C) $80,080
• D) $42,120

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Definitions:

Cardiac Rehabilitation

A customized program of exercise, education, and support to help patients recover after a heart attack, surgery, or other heart conditions.

Role

The function or part played by a person or thing in a particular situation or context.

Cholesterol

A waxy, fat-like substance that's found in all the cells in your body, which is necessary for making hormones, vitamin D, and substances that help digest foods.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, hypertension, heart attack, and stroke, among others.