Question

if your total sales dollars equal $1,500 and you had 10 transactions, what was your average sale?

Explanation:

Step1: Recall the formula for average

The average (mean) is calculated by dividing the total sum by the number of items. In formula terms, if \( T \) is the total and \( n \) is the number of transactions, the average \( A=\frac{T}{n} \).

Step2: Identify values

Here, the total sales \( T = 1500\) dollars and the number of transactions \( n = 10\).

Step3: Calculate the average

Substitute the values into the formula: \( A=\frac{1500}{10}=150 \).

Answer:

The average sale was 150 dollars.