SOLUTION: Total units sales are forecast to increase to 50,000 units and the sales mix is estimated to be 3:2 (old product to new product. What this mean? How do I calculate the 3:2 of the 5
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Question 448949: Total units sales are forecast to increase to 50,000 units and the sales mix is estimated to be 3:2 (old product to new product. What this mean? How do I calculate the 3:2 of the 50,000?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
The ratio of old to new is 3:2; which means 3 parts x to 2 parts x:
3x+2x=50000
5x=50000
x=10000
There are 30000 old products for every 20000 new products..
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