Your store’s average basket (transaction) size for the month of March was $11.50 and you believe the average basket size will remain the same for your store in April. One of your hourly employees had an average basket size of $9.00 for the month of March and averaged 125 transactions per shift. If the same employee’s average basket size was $9.00 for the first two weeks of April but improved to $11.00 for the second two weeks of April, her sales will now be how much lower than the average for your store?
is this correct is it $5000
in March, total sales were 9.00 * 125 * 31 = 34875.00
In April, (assuming 30 days, 15 days per half-month)
1st half: 9.00*125 * 15 = 16875.00
2nd half: 11.00*125 * 15 = 20625.00
total: 37500
avg at 11.50 = 43125
so she falls 5625 short.
Two items need clarification... There's quite a bit of wiggle room here for adjusting the numbers.
We have to assume that all the employees average 125 transactions per shift.
How to count the month of April, since 30 days are not exactly two weeks plus two weeks.
For all I know, your $5000 is correct. How did you figure it?
How many shifts do each of you work per week?
To determine how much lower the employee's sales will be compared to the average for your store, we need to follow these steps:
Step 1: Calculate the employee's sales for the month of March.
Multiply the average basket size for the employee ($9.00) by the number of transactions per shift (125) and the number of shifts in a month (assumed as 30, for simplicity).
March employee sales = $9.00 * 125 * 30
Step 2: Calculate the employee's sales for the first two weeks of April.
Using the same average basket size ($9.00) and assuming the employee still has 125 transactions per shift, calculate the sales for the first two weeks of April (half a month).
April 1st half employee sales = $9.00 * 125 * (number of shifts in 2 weeks)
Step 3: Calculate the employee's sales for the second two weeks of April.
Now, considering the improved average basket size of $11.00 and the same number of transactions per shift (125), calculate the sales for the second two weeks of April (half a month).
April 2nd half employee sales = $11.00 * 125 * (number of shifts in 2 weeks)
Step 4: Find the difference between the employee's sales and the average for the store.
Subtract the employee's total sales for April (the sum of the first and second halves) from the average store sales for April ($11.50 * total number of transactions in April).
Difference = (April 1st half employee sales + April 2nd half employee sales) - (average store sales for April)
By following these steps, you should be able to determine the correct answer to your question.