Yes, you are correct...my terminology was misleading. There are 3 unknowns. Sorry for the confusion.
And yes, this is all the information that I have.
Thanks
They are looking for how many items were sold at the sale price. Also, the only known variables I have are total volume, FSP, and total Sales.
Yes, these are the equations that I was able to derive, but I then got stuck because I have 3 variables to solve in these two equations in order to...
Here is the problem:
Total sales are $5125 and units sold are 1653. Units can be sold either on sale or not on sale. The price on sale or feature sale price (FSP) was $2.25. How many units were sold on sale?
I can derive 2 formulas, but I have 3 variables to solve. Here's how far I...