Our company manufactures and sells electric staplers for $16 each. if 10,000 units were sold in december, and management forecasts 4% growth in sales each month, the number of electric stapler sales budgeted for february should be:

The correct answer is $173056 .

Explanation:

The price of electric staplers is $16 per unit.

The quantity of staplers sold in December is 10,000.

A 4% growth rate for each month has been forecast by the management.

The quantity of staplers sold in January will be

=10000+ (4% of 10000)

= 10400

The quantity of staplers sold in February will be

=10400 + (4% of 10400)

= 10816

Thus the budget sale for stapler for the month of February will be

=10816 x $16

=$173056

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