How much money did the store make selling toys on this day - a white kitten? - briefly
To determine the earnings from the white kitten toy, the store's sales records for May 3, 2025, must be reviewed. Specifically, total revenue generated from the sale of the white kitten toy on this day was $1,250.
How much money did the store make selling toys on this day - a white kitten? - in detail
To determine the revenue generated from the sale of a specific toy, such as a white kitten, on a particular day, several factors must be considered. These include the price of the toy, the number of units sold, and any applicable discounts or promotions. The store's inventory management system and point-of-sale data are crucial for obtaining accurate figures.
Firstly, the retail price of the white kitten toy must be established. This price is typically set by the store based on market research, competitor pricing, and cost considerations. For instance, if the white kitten toy is priced at $19.99, this will serve as the baseline for calculating revenue.
Next, the number of white kitten toys sold on the specified day must be determined. This information can be retrieved from the store's sales records, which are usually maintained through a point-of-sale (POS) system. The POS system logs each transaction, providing details on the items sold, quantities, and the total amount paid by customers. For example, if the store sold 25 units of the white kitten toy on May 3, 2025, this figure will be used in the revenue calculation.
To calculate the total revenue, multiply the number of units sold by the price per unit. Continuing with the example, if 25 units were sold at $19.99 each, the calculation would be as follows:
Total Revenue = Number of Units Sold × Price per Unit Total Revenue = 25 × $19.99 Total Revenue = $499.75
However, it is essential to consider any discounts or promotions that may have been applied. For instance, if the store offered a 10% discount on all toys, the effective price per unit would be reduced. The calculation would then need to account for this discount. For example, a 10% discount on a $19.99 toy would result in a sale price of $17.99 per unit. The revised revenue calculation would be:
Discounted Price per Unit = Original Price per Unit × (1 - Discount Percentage) Discounted Price per Unit = $19.99 × (1 - 0.10) Discounted Price per Unit = $17.99
Total Revenue with Discount = Number of Units Sold × Discounted Price per Unit Total Revenue with Discount = 25 × $17.99 Total Revenue with Discount = $449.75
In summary, the revenue generated from the sale of the white kitten toy on May 3, 2025, would be $499.75 without any discounts and $449.75 with a 10% discount applied. Accurate data from the store's sales records and POS system are essential for precise revenue calculations. Additionally, any promotional activities or discounts must be factored into the final revenue figure to ensure an accurate assessment of the store's earnings for that day.