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 calculate how much lower the employee's sales will be than the average for the store, we need to find the difference between the employee's sales and the store's average sales for April.
First, we need to calculate the number of transactions the employee will have for the month of April. The employee works four shifts per week, which means she works a total of 4 * 4 = 16 shifts in April.
Since the employee averaged 125 transactions per shift in March, we can assume she will have 125 * 16 = 2000 transactions for the month of April.
Next, we can calculate the employee's sales for April by multiplying the average basket size ($9.00) by the number of transactions (2000). This gives us 9.00 * 2000 = $18,000.
Now, we need to calculate the store's average sales for April. The store's average basket size for March was $11.50. We can assume this average will remain the same for April. To calculate the store's average sales, we multiply the average basket size ($11.50) by the number of transactions (2000). This gives us 11.50 * 2000 = $23,000.
Finally, we can find the difference between the employee's sales and the store's average sales for April by subtracting the employee's sales ($18,000) from the store's average sales ($23,000). The difference is 23,000 - 18,000 = $5,000.
Therefore, the employee's sales will be $5,000 lower than the average for your store in April.