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Mark is selling gourmet apples at a price of ​$2 per pound. ​ Currently, he sells 100 pounds of apples per week. This​ week, Mark raises his price to ​$3​, and his sales of apples fall to 75 lbs. ​Mark's initial revenue from apple sales was ​$ nothing. ​Mark's new revenue from apple sales is

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Answer:

Initial revenue will be $200

And new revenue will be $225

Explanation:

We have given initial selling price of apples = $2 per pound

Quantity sold initially = 100 pounds

So initial revenue = quantity sold initially × initial price = $2×100 = $200

Now new price of apples is $3 per pound

And quantity sold = 75 lbs = 75 pound ( As 1 lbs = 1 pound )

So new revenue = $3×75 = $225

Initial revenue will be $200 and new revenue will be $225

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