We appreciate your visit to An automobile company sold 2 3 million new cars in a year If the average price per car was 21 000 how much money did. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The automobile company made $48,300,000,000 that year.
Explanation:
To calculate the total revenue of the automobile company, we need to multiply the number of cars sold by the average price per car. In this case, the company sold 2.3 million new cars and the average price per car was $21,000.
We can calculate the total revenue using the following formula:
Total Revenue = Number of Cars Sold * Average Price per Car
Substituting the given values:
Total Revenue = 2.3 million * $21,000
Now, let's calculate the total revenue:
Total Revenue = 2,300,000 * $21,000
Total Revenue = $48,300,000,000
Therefore, the company made $48,300,000,000 that year.
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