Answer:
The total value of sales is $795470
Explanation:
Given
The data shown in the table
Required
Determine the total value of sales
To do this, we simply multiply price by corresponding quantity demanded and then sum them up;
This is done as follows;
[tex]Total = \$20 * 8,500 + \$22.5 * 7,800 + \$25.6 * 6,200 + \$27.5 * 5,900 + \$30 * 4,300[/tex]
[tex]Total = \$170000+ \$175500+ \$158720 + \$162250 + \$129000[/tex]
[tex]Total = \$795470[/tex]
Hence, the total value of sales is $795470
