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 find the employee's sales for April and compare them to the store's average, we need to calculate the employee's average daily sales for March and April and then compare the two.
First, let's calculate the employee's average daily sales for March:
- Average daily sales for March = Average basket size * Transactions per shift
- Average daily sales for March = $9.00 * 125
- Average daily sales for March = $1125
Next, let's calculate the employee's average daily sales for April:
Since the employee's average basket size improved to $11.00 for the second two weeks of April, we can calculate the average basket size for the entire month of April by taking the average of $9.00 and $11.00.
- Average daily sales for April = Average basket size * Transactions per shift
- Average daily sales for April = ($9.00 + $11.00) / 2 * 125
- Average daily sales for April = $10.00 * 125
- Average daily sales for April = $1250
Now we can compare the employee's average daily sales for April to the store's average basket size:
- Difference in sales = Average daily sales for March - Average daily sales for April
- Difference in sales = $1125 - $1250
- Difference in sales = -$125
Therefore, the employee's sales will be $125 lower than the average for your store in April.