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aswini
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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
 one year ago
aswini Group Title
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
 one year ago

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

AravindG Group TitleBest ResponseYou've already chosen the best response.0
First 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.
 one year ago

mathessentials Group TitleBest ResponseYou've already chosen the best response.1
the 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.
 one year ago

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

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

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