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?
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
can i get a detailed explanation for this?
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.
the total shoppers are 20% + 55% + 25% (100%)
= 0.2 + 0.55 + 0.25
the total purchases are 0.2*(1.5)+0.55*(2.5)+0.25*(0.75)
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.