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4 years ago

Recent daily sales totals are $4500, $5175 and $5951. If this trend continues, what are the projected sales for the next day?

1 answer:

7 0

The projected sales for the next day is $6844, 15% higher than the sales of the previous day.

Day 1 = 4500
Day 2 = 5175
Day 3 = 5951

Day 2 / Day 1 = 5175 / 4500 = 1.15 x 100% = 115%
Day 3 / Day 2 = 5951 / 5175 = 1.15 x 100% = 115%

Based on the above computation, projected sales of the next day is 15% higher than the sale of the previous day.

Day 4 / Day 3 = x / 5951 = 1.15 x 100% = 115%

x / 5951 = 1.15
x = 1.15 * 5951
x = 6843.65 rounded up to the nearest one 6844

To check:
Day 4 / Day 3 = 6844 / 5951 = 1.15 x 100% = 115%

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