An entrepreneur sells $15,000 worth of sports memorabilia during one year and sets a goal of increasing annual sales by $6000 each year for the next 9 years. Assuming that the entrepreneur meets this goal, find the total sales during the first 10 years of this business.

Total sales for first 10 years=$69,000

Explanation:

First year=$15,000

He plans increasing annual sales by $6,000 each year for 9 years.

Second year sales= $15,000+$6,000

=$21,000

Third year sales=$21,000+$6,000

=$27,000

Fourth year sales=$27,000+$6,000

=$33,000

Fifth Year sales=$33,000+$6,000

=$39,000

Sixth year sales=$39,000+$6,000

=$45,000

Seventh year sales=$45,000+$6,000

=$51,000

Eighth year sales=$51,000+$6,000

=$57,000

Ninth year sales=$57,000+$6,000

=$63,000

Tenth year sales=$63,000+$6,000

=$69,000

Or

$6,000×9 years+$15,000

=$54,000+$15,000

=$69,000

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