Answer :
They will have to bring in more than $600,000 a month to beat their competitors.
Step-by-step explanation:
Step 1; This establishment's competitors bring in $1,800,000 per quarter. This means that they bring in that amount of money through sales in a quarter of a year.
A quarter of a year = [tex]\frac{1}{4}[/tex] × 12 months = 3 months.
So the competition brings in $1,800,000 in 3 months.
Step 2; Now we calculate how much this establishment must make to beat them.
Money to brought in a month = $1,800,000 / 3= $600,000 a month. So the team must bring in more than $600,000 a month to beat their competitor's sales of $1,800,000 in a quarter.
Amount of sales must be done in a month is 600,000
Given that;
Amount of target = $1,800,000
Number of month in quarter = 3
Find:
Amount of sales must be done in a month
Computation:
Amount of sales must be done in a month = Amount of target / Number of month in quarter
Amount of sales must be done in a month = 1,800,000 / 3
Amount of sales must be done in a month = 600,000
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