Reference no: EM132596222

Question 1: Explain how this information could be used to make buying decisions for a business. If 100 shirts had to be discounted in order to sell, was the purchase of 300 a good investment for the company?

Question 2: Calculate gross and net sales for your company. You are working in fashion design as an office assistant. The designer wants to know how the sale of the product has performed financially in the first quarter.

First Quarter Company Performance:

The company sold 300 designer shirts. Each shirt sells for a $45.00 price.

Of the 300 shirts:

1. 100 shirts were sold at a 25% discount each which equaled [45 - (0.25 x 45)] = $33.75 each
2. Seven shirts were returned

Question 3: Calculate gross sales (# sold x price)

Question 4: What was the average price of the shirts sold (mean)?

Question 5: What was the most common price of the shirts sold (mode)?