A retailer's average monthly sales are $120,000.If its monthly sales index for January is 72,January's sales are $166,667.

Question

Quizplus · Accepted Answer

To find January's sales, we need to use the monthly sales index and the average monthly sales.

January's sales = Average monthly sales x Monthly sales index/100

Substituting the given values:

January's sales = $120,000 x 72/100 = $86,400

Therefore, the statement given in option A is false. January's sales are not $166,667.

A Retailer's Average Monthly Sales Are $120,000