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?
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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 employee works four shifts per week for the month of April (a four week period) and does not change her average basket size or number of transactions, her sales will be how much lower than average for your store?
To answer this question, we need to calculate the employee's sales for both March and April and then compare it to the store's average for April.
Step 1: Calculate the employee's sales for March.
Average basket size for the employee in March = $9.00
Number of transactions per shift = 125
Sales for the employee in March = Average basket size * Number of transactions per shift
Sales for the employee in March = $9.00 * 125
Sales for the employee in March = $1,125.00
Step 2: Calculate the employee's sales for April.
Average basket size for the employee for the first two weeks of April = $9.00
Average basket size for the employee for the second two weeks of April = $11.00
Sales for the employee in the first two weeks of April = Average basket size * Number of transactions per shift
Sales for the employee in the first two weeks of April = $9.00 * 125
Sales for the employee in the first two weeks of April = $1,125.00
Sales for the employee in the second two weeks of April = Average basket size * Number of transactions per shift
Sales for the employee in the second two weeks of April = $11.00 * 125
Sales for the employee in the second two weeks of April = $1,375.00
Total sales for the employee in April = Sales for the first two weeks + Sales for the second two weeks
Total sales for the employee in April = $1,125.00 + $1,375.00
Total sales for the employee in April = $2,500.00
Step 3: Compare the employee's sales for April to the store's average for April.
Average basket size for the store in April = $11.50
Sales for the store in April = Average basket size * Number of transactions
Sales for the store in April = $11.50 * Number of transactions
Since we don't know the number of transactions for the employee in April, we can't calculate the exact difference in sales. However, we can compare their average basket sizes to get a rough estimate.
If the employee's average basket size improved to $11.00 for the second two weeks of April, her sales for the entire month might be closer to the store's average. However, without knowing the exact number of transactions for the employee in April, we can't determine the precise difference.
In conclusion, the employee's sales for April might be lower or higher than the average for the store, depending on the number of transactions.