At Starmart, Riya saw a box of collector's edition comic books. Each book was priced at $28.50, but a customer who bought five of the books was required to pay only $19.99 for each book. Riya bought one book and her friend bought five books
What was the retailer's revenue from this purchase?
a. $158.51
b. $19.99
c. $28.50
d. $128.45
ANSWER: d
The retailer's revenue from this purchase is $128.45. Revenue is the price charged to customers multiplied by the number of units sold. $28.50 + ($19.99 x 5) = $128.45.
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