Calculate the total number of retailers interacting with 120 manufacturers if 10 transactions are made per year.The total number of transactions is 15 million transactions per year.
A)7,900
B)4,800
C)12,500
D)16,500
E)22,000

Question

Quizplus · Accepted Answer

Given that there are 15 million transactions per year and each manufacturer makes 10 transactions per year, we can calculate the total number of retailers by dividing the total number of transactions by the number of transactions per manufacturer. This gives us 15,000,000 / 10 = 1,500,000 transactions that can be attributed to the 120 manufacturers. To find the number of retailers, we divide this number by the number of transactions each manufacturer makes with a retailer, which is also 10. Therefore, 1,500,000 / 10 = 150,000. However, my previous explanation contained a calculation error. The correct approach is to first understand that if there are 15 million transactions per year and each manufacturer makes 10 transactions per year, the total number of transactions per manufacturer does not directly lead to the number of retailers. Instead, we should calculate the total number of retailers by considering how many retailers would be needed to reach the total transaction count, given the transactions per manufacturer. The correct calculation involves dividing the total number of transactions by the transactions each manufacturer makes with retailers, and then considering the number of manufacturers.

Calculate the Total Number of Retailers Interacting with 120 Manufacturers