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X sells customized handbags. Currently, it sells 25,000 handbags annually at an average price of...

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Finance

X sells customized handbags.

Currently, it sells 25,000 handbags annually at an average price of $120 each.

It is considering adding a lower-priced line of handbags that sell for $80 each.

The firm estimates it can sell 12,000 of the lower-priced handbags but will sell 7,550 less of the higher-priced handbags by doing so.

What is the incremental sales revenue of the new project?

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