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Thread: Total Revenue of Store

  1. #1
    Senior Member harpazo's Avatar
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    Total Revenue of Store

    The following problem threw me in for a loop.
    I need help not only with the equation set up but a step by step explanation leading to the set up.

    A furniture store sells only two models of desks, model A and model B. The selling price of model A is 120 dollars, which is 30 percent of the selling price of model B. If the furniture store sells 2,000 desks, 3/4 of which are model B, what is the furniture store's total revenue from the sale of desks?

    I can let x be the total revenue from the sale of desks.

    Can someone break this problem down one step at a time? Providing the equation set up is ok but does not clarify the problem at hand.
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    Re: Total Revenue of Store

    Quote Originally Posted by harpazo View Post
    The following problem threw me in for a loop.
    I need help not only with the equation set up but a step by step explanation leading to the set up.

    A furniture store sells only two models of desks, model A and model B.

    The selling price of model A is 120 dollars, which is 30 percent of the selling price of model B. Ok, so what is the selling price of model B?


    If the furniture store sells 2,000 desks, 3/4 of which are model B, what is the furniture store's total revenue from the sale of desks? Ok, so how many of each model are sold?

    I can let x be the total revenue from the sale of desks.

    Can someone break this problem down one step at a time? Providing the equation set up is ok but does not clarify the problem at hand.
    After you do those steps, you should be able to complete the problem.
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  3. #3
    Senior Member harpazo's Avatar
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    Re: Total Revenue of Store

    Quote Originally Posted by Debsta View Post
    After you do those steps, you should be able to complete the problem.
    Price of Desk A = $120 = 0.3(Price Of Desk B)

    Price of Desk B = $120 / 0.3 = $400

    (3/4)(2000) = 1500 Units Of Desk B Sold
    (1/4)(2000) = 500 Units Of Desk A Sold

    Total Revenue = $120(500) + $400(1500) = $660,000
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    Re: Total Revenue of Store

    Bit hard to read, but answer is correct (after you add the unit "dollars").
    Thanks from harpazo
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    Senior Member harpazo's Avatar
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    Re: Total Revenue of Store

    Quote Originally Posted by Debsta View Post
    Bit hard to read, but answer is correct (after you add the unit "dollars").
    Price of Desk A = 120 dollars = 0.3(Price Of Desk B)

    Price of Desk B = 120 dollars / 0.3 = 400 dollars

    (3/4)(2000) = 1500 Units Of Desk B Sold
    (1/4)(2000) = 500 Units Of Desk A Sold

    Total Revenue = (120 dollars)(500) + (400 dollars)(1500) = 660,000 dollars
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