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What is the total annual revenue

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Please solve in excel.

You have a product that carries a $150 price and generates a demand of 12,500 units per year. What is the total annual revenue for this product?

If you assume this product has price elasticity of 1.20, how much total revenue would you generate if you raise the price by 15%?

If you assume this product has price elasticity of .95, how much revenue would you generate if you lowered the price by 10%?

If the cost to produce this product is $75 per unit, what is the contribution margin in each of these scenarios?

Please solve in excel.

Reference no: EM133128353

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