The business wishes to increase its sales from previous years by 16%, split by quarters in the ratio of Q1 Q2 Q3 Q4 15% 25% 35% 25% If sales in the previous year was 543 units, and the sales price of each unit is $231, what is the budgeted number of units to be sold in Quarter 1? Enter your answer as a whole number.
Question
The business wishes to increase its sales from previous years by 16%, split by quarters in the ratio of
Q1 Q2 Q3 Q4 15% 25% 35% 25%
If sales in the previous year was 543 units, and the sales price of each unit is $231, what is the budgeted number of units to be sold in Quarter 1? Enter your answer as a whole number.
Solution
To solve this problem, we need to follow these steps:
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Calculate the total sales increase: 543 units * 16% = 86.88 units. This is the total increase in sales the business wants to achieve.
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Determine the number of units to be sold in Q1: 86.88 units * 15% = 13.032 units.
Since we can't sell a fraction of a unit, we'll round this to the nearest whole number. So, the business should aim to sell 13 units in Q1 to meet its sales increase goal.
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