What is Average Sales Calculator?
The Average Sales Calculator is a handy tool for calculating the average sales per unit of a product. This calculator is frequently used by retailers and businesses to determine how profitable a product or service is. Using the total sales and item numbers as inputs, the calculator determines the average sales per unit.
Formula:
The formula for calculating the average sales per unit is:
Average Sales ($/unit) = Total Sales ($) / Number of Items Sold
This formula is straightforward and easy to use. All you need is the total sales and the number of items sold to calculate the average sales per unit.
Example:
Suppose a retail store sells 500 units of a product and earns $15,000. In order to calculate average sales per unit, we would use the formula below:
Average Sales ($/unit) = Total Sales ($) / Number of Items Sold
= 15,000 / 500
= 30
Therefore, the average sales per unit of the product is $30.
How to Use Average Sales Calculator?
Using the Average Sales Calculator is simple and easy. Follow these steps to calculate the average sales per unit:
Step 1: Input the Total Sales
Enter the total sales revenue in dollars in the “Total Sales” input box.
Step 2: Input the Number of Items Sold
Enter the total number of items sold in the “Number of Items Sold” input box.
Step 3: Click Calculate
Click the “Calculate” button to perform the calculation.
Step 4: View Results
The average sales per unit will be displayed in the “Average Sales” output box.
In conclusion, the Average Sales Calculator is an easy-to-use calculator that can be used by retailers and businesses to calculate the average sales per unit of a product. It uses a simple formula, and the results are accurate and quick. The tool provides businesses with insights into their products’ profitability, so they can make informed pricing decisions and marketing plans.