1. If the average sales transaction for a department store is $55.65, what total

Question

1. If the average sales transaction for a department store is $55.65, what total dollar sales would be expected on 500 transactions? 2.An exclusive gift shop located in a resort hotel had a net sales of $2,430,000 in 2000 square foot selling space. Determine the stores sales per square foot. 3.Determine net sales if gross sales were $452,500 and customer returns were 5.6%. 4.What was the customer return percentage for Kayla during the month of June if her gross sales were $7,286 and her customer returns were $484?

Explanation / Answer

Total dollar sales would be expected on 500 transactions= 500 X 55.65 = $27,825

The stores sales per square foot = 2,430,000/2000 = $1215

Net sales = 452,500 - (452500 x 5.6%) = $427,160

The customer return percentage for Kayla during the month of June = 484/7286 = 6.64%

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