I have a retail related question that I know the answer to but trying to understand how to solve formulaically in excel for more efficient approach in the future.
My department sold 82,384 packages since doing a 2 for $4 promotion. The average selling price was $2.2461955. Retail price is $2.49 for a single unit.
The questions to solve for are: 1) How many packages were sold as a single unit? 2) How many packages were sold as 2 for $4?
Answer - Single: 41,393; 2 for $4: 40,991
My department sold 82,384 packages since doing a 2 for $4 promotion. The average selling price was $2.2461955. Retail price is $2.49 for a single unit.
The questions to solve for are: 1) How many packages were sold as a single unit? 2) How many packages were sold as 2 for $4?
Answer - Single: 41,393; 2 for $4: 40,991