SOLUTION: A book store is open 360 days a year and out of the 1,200 people who pass the store each day,8% of them enter the store and make a purchase. The average amount of each sale is $18.

Algebra ->  Finance -> SOLUTION: A book store is open 360 days a year and out of the 1,200 people who pass the store each day,8% of them enter the store and make a purchase. The average amount of each sale is $18.      Log On


   

Question 590767: A book store is open 360 days a year and out of the 1,200 people who pass the store each day,8% of them enter the store and make a purchase. The average amount of each sale is $18.What is the estimated amount of sales for the coming year?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
If 8% of 1200 people purchase something each day, then 0.08*1200 = 96 people bought something each day.

If the average amount of each sale is $18, then each day, 96*18 = 1728 dollars is made each day (on average)

So the estimated amount of sales for the coming year is 1728*360 = $622,080