Homework SourseSales of your current text Scary Clowns with Tomatoes on Bri
Sales of your current text, \"Scary Clowns with Tomatoes on Bridges\" are dropping. To increase
sales, you have cleverly decided to reduce the price of your book, currently priced at $28, by $1 per
week. Your book will really sell if you do that! You will sell 7550 copies this week alone. However,
sales will, according to your sources, continue to decline at a rate of 7% per week. How much revenue
will you earn over the next 5 weeks?
sales, you have cleverly decided to reduce the price of your book, currently priced at $28, by $1 per
week. Your book will really sell if you do that! You will sell 7550 copies this week alone. However,
sales will, according to your sources, continue to decline at a rate of 7% per week. How much revenue
will you earn over the next 5 weeks?
Solution
Total number of copies sold in a week = 7550 + 7550*93/100 + 7550*(93/100)2 + 7550(93/100)3 + 7550(93/100)4 = 32822 copies
Hence revenue generated = 27*32822 = $886194
![Sales of your current text, \](/WebImages/22/sales-of-your-current-text-scary-clowns-with-tomatoes-on-bri-1053203-1761549011-0.webp "Sales of your current text, \")
