Question

34. As shown in YOUR TURN on Page 150, one measure of salespeople’s productivity is the average sales per transaction. If a salesperson had 36 transactions last week with gross sales of $2263.59, what were his average sales per transaction grounded to the nearest cent?

Answer 1

Step 1: Write the formula for finding the average sales

$\text{Average sales=}\frac{Gross\text{ Sales}}{Number\text{ of transactions}}$

Step 2: Write out what is given in the question

$\begin{gathered} \text{Gross sales=\ 2263.59} \\ \text{Number of transaction=36} \end{gathered}$

Step 3: Find the Average sales using the long division method

$\text{Average Sales=}\frac{2263.59}{36}$

Hence, the average sales per transaction is 62.88 to the nearest cent