Question

Top Kitchens handles 17% of all the kitchen production in the area for new construction. It is estimated that the cost of kitchens is 14% of the total cost of constructing a new house. New home construction in the area for the next year is estimated to total $32 million. What sales volume can Top Kitchens expect next year?

Answer 1

Answer:

$761600

Explanation:

32000000× ( 17÷100 )× ( 14÷100 )

32000000×0.17×0.14

= $761600

The sales volume for next year shall be $761600

Answer 2

Answer:

$761,600

Explanation:

The expected sales volume is calculated using the 17% portion of the estimated cost of kitchen (14%) of the new house construction

Cost of new home for next year - $32,000,000

Estimated cost of the kitchen - 14%* $32,000,000=$4,480,000

Expected sales volume = 17%* $4,480,000 = $761,600