Question

Retail Corp expects to sell 400 units of Product A at $25 each and 500 units of product B at $80 each in January. What is the total sales budget for the month of January?

Answer 1

To find the Sales Budget of Retail Corp, we need to find out the Number of Units that are to be sold and the price of each unit.
There are 2 products and they are named Product A and Product B.
The amount of units of Product A is to be sold is estimated at 400 units and the price is $25.
So the Sales Budget of Product A will be;

400*25= $10,000.

Similarly, the amount of units Product B is to be sold is estimated at 500 units and the price of a single unit is $80.
So the Sales Budget of Product B will be;

500*80= $40,000.

So if we combine the Sales Budget of Product A and Product B then,

  Sales Budget = 10,000+40,000 = $50,000.

P.S: Since we have to find the sales budget of only one month, then we don't need to take the month in consideration, but if it is either quarterly or yearly, the time period will also have to be taken into consideration.