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?
To calculate the sales difference for the employee compared to the store's average, we need to determine the total sales for both periods and compare them.
First, let's find the total sales for the employee in March:
Total sales in March = Average basket size * Number of transactions
Total sales in March = $9.00 * 125 = $1125.00
Next, let's find the total sales for the employee in the two-week periods of April separately:
Total sales in the first two weeks of April = Average basket size * Number of transactions
Total sales in the first two weeks of April = $9.00 * 125 = $1125.00
Total sales in the second two weeks of April = Average basket size * Number of transactions
Total sales in the second two weeks of April = $11.00 * 125 = $1375.00
Now, let's calculate the total sales for the employee in April:
Total sales in April = Total sales in the first two weeks of April + Total sales in the second two weeks of April
Total sales in April = $1125.00 + $1375.00 = $2500.00
To find the difference between the employee's sales and the store's average in April:
Difference = Total sales for the employee in April - Store's average basket size * Number of transactions
Difference = $2500.00 - $11.50 * 125
Difference = $2500.00 - $1437.50
Difference ≈ $1062.50
Therefore, the employee's sales will be around $1062.50 lower than the store's average for April.