if I have a product for sale for $5 and the average daily sales are $1325, how much would I have to charge for the product if my sales goal was $1750

Question

if I have a product for sale for $5 and the average daily sales are $1325, how much would I have to charge for the product if my sales goal was $1750?

Answer 1

We can figure how many you sell on average by dividing 1325 by 5 

 

1325/5  = 265 units

 

You were selling on average 265 units per day

 

Now divide $1750 by 265 to see what the unit cost would be

 

$6.603

 

Therefore, to make your goal you would have to charge at least $6.61 per unit