Question

Jermaine’s business makes tables and they are trying to determine

their sales projections for next month. Their sales area has 433

households, and on average they find that 91% of the

households try their product per month for the first time. This month, they

sold their tables to 377 individuals representing separate households,

and they expect to get about 25% back again next month. The average consumer

comes in 5 times a month and buys 1 tables. How many tables should Jermaine expect to

sell in the next month?

Answer 1

Here is my Answer for the above question

Sale's area of Jermaine's business = 433 households

Sales for the present month from seperate households = 377 households

Sales projections for next Month

1. 25% of the previous households = (377*25%) = 94 households (rounded off)

2. balance of consumers come in this month = (433-377)= 56 households

Total House holds come to business market = ( 94+56) = 150 households

Confirm sales based on 1 st visit = (150*91%) = 137 households (rounded off )

but we can expect to sale to 100% households who are come to market by the end of the month then

Sales for the next month will be 150 Tables