Credit Sprint / Practice problems / Revenue after a price change

Revenue after a price change practice problems

Marketing Unit 8. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

A firm sells 150 units at $40. After a 10% price cut the price is $36 and it sells 195 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 36 × 195 = 7020. (Old revenue was 6000.)

Problem 2.

A firm sells 500 units at $50. After a 20% price cut the price is $40 and it sells 525 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 40 × 525 = 21000. (Old revenue was 25000.)

Problem 3.

A firm sells 300 units at $50. After a 20% price cut the price is $40 and it sells 390 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 40 × 390 = 15600. (Old revenue was 15000.)

Problem 4.

A firm sells 450 units at $20. After a 10% price cut the price is $18 and it sells 473 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 18 × 473 = 8514. (Old revenue was 9000.)

Problem 5.

A firm sells 400 units at $25. After a 25% price cut the price is $18.75 and it sells 520 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 18.75 × 520 = 9750. (Old revenue was 10000.)

Problem 6.

A firm sells 450 units at $45. After a 20% price cut the price is $36 and it sells 473 units. What is the new total revenue in dollars?

Show solution

New revenue = price × quantity = 36 × 473 = 17028. (Old revenue was 20250.)