The sales goal for your store this week is $22,682. The sales goal for your store this week last year was $20,128. Your store has averaged 1775 transactions per week for the last four weeks. Assuming the number of transactions is consistent, what is the average basket size (transaction amount) you need this week in order to meet your goal?
12.78
Right.
Thank you so much
You're very welcome.
To find the average basket size (transaction amount) needed to meet the sales goal this week, we can divide the sales goal by the number of transactions needed.
First, we need to calculate the number of transactions needed to meet the sales goal. We can assume that the number of transactions is consistent, so we can use the average number of transactions per week.
Number of transactions needed = Sales goal / Average number of transactions per week
Sales goal = $22,682
Average number of transactions per week = 1775
Number of transactions needed = $22,682 / 1775 = 12.78 (approximately)
To meet the sales goal, you would need an average basket size of $12.78 per transaction.