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 one year ago
A new company will reease 3 product A,B,C.20% of buyer will buy A, 55% will buy B and 25% will buy C. People that buy A will buy 1.5 units,B 2.5 and C 0.75.What % of total sales will be product of B?
 one year ago
A new company will reease 3 product A,B,C.20% of buyer will buy A, 55% will buy B and 25% will buy C. People that buy A will buy 1.5 units,B 2.5 and C 0.75.What % of total sales will be product of B?

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aswini
 one year ago
Best ResponseYou've already chosen the best response.0can i get a detailed explanation for this?

AravindG
 one year ago
Best ResponseYou've already chosen the best response.0First assume the number of customersbe 100. 20 buys A, 55 buys B and 25 buys C. ie 55 out of 100 buys B. Now the amount bought by 55 people will be 2.5 times 55.

mathessentials
 one year ago
Best ResponseYou've already chosen the best response.1the total shoppers are 20% + 55% + 25% (100%) = 0.2 + 0.55 + 0.25 = 1 the total purchases are 0.2*(1.5)+0.55*(2.5)+0.25*(0.75) = 0.3+1.375+0.1875 =1.8625 so total sales will not be 100%, but 186% relative to customers because A, B all purchase multiple units. (they outweigh the customers C which buy less than one.) out of the 186% total sales, B will buy 55% x 2.5 units = 137.5% of the total sales. when normalizing for 186% total sales, we divide by 1.86: 137.5% of 186% is equal to 73.92% of 100% . The product B accounts for 73.92% of all sales.

AravindG
 one year ago
Best ResponseYou've already chosen the best response.0Similarly calculate amount bought by A and C.

aswini
 one year ago
Best ResponseYou've already chosen the best response.0thank u mathessentials and AravindG

AravindG
 one year ago
Best ResponseYou've already chosen the best response.0yw :) and Welcome to Openstudy!
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