
Mark M. answered 09/10/22
Mathematics Teacher - NCLB Highly Qualified
10,000 / 38.96 = ?
Ae R.
asked 09/10/22Research has shown that a store’s average shopper spends $38.96 per visit. If the store needs to average at least $10,000 in daily sales to be profitable, how many, shoppers per day do the store need?
Mark M. answered 09/10/22
Mathematics Teacher - NCLB Highly Qualified
10,000 / 38.96 = ?
Joshua B. answered 09/10/22
Welcome to my page! I'm willing to help in any way :)
How many individuals, spending on average $38.96, would make you reach $10,000 in sales.
Lets use different numbers. If my target for the day was $100, and my average sale per customer was $10, how many customers would need to make a purchase in order to reach $100. Ten individuals spending $10 each would add up to $100.
1st sale: $10 + 2nd sale: $10 + so on and so forth.
So the equation for the hypothetical I suggested is the value in dollars, times the quantity of sales, all attempting to reach that specified target.
$ * (number of transactions) = Target goal
So identify the target in the original equation, then work backwards. How many $38.96's, so to speak, will get you to reach your target of $10,000
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