In $2020,$ Lippart & Sons, a small environmental$-$testing firm, performed $11,400$ radon tests for $$290$ each and $15,000$ lead tests for $$210$ each. Because newer homes are being built with lead$-$free pipes, lead$-$testing volume is expected to decrease by $14\%$ next year. However, awareness of radon$-$related health hazards is expected to result in a $7\%$ increase in radon$-$test volume each year in the near future. Jim Lippart feels that if he lowers his price for lead testing to $$190$ per test, he will have to face only a $5\%$ decline in lead$-$test sales in $2021.$

Read the requirements.

Requirements

$0$ levels.

Prepare a $2021$ sales budget for Lippart & Sons assuming that Lippart holds prices at $2020$ levels.

Prepare a $2021$ sales budget for Lippart & Sons assuming that Lippart lowers the price of a lead test to $$190.$ Should Lippart lower the price of a lead test in $2021$ if the company's goal is to maximize sales revenue?