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Segment pricing is another tactic a company can use to modify product price in order to increase sales. Everyday examples of segment-pricing discounts are those extended to children, senior citizen, and students.
First you need to work out the average sales value. For that you need to know the sale price of each of the 25 products and the total number of each product sold. Multiply the sale value by the number sold, then add all 25 totals together. Divide the total value of the sales by the total number of sales to get the average sales value. From that you can determine which of the 25 product lines have a selling price greater than the average selling price. Then simply add the total number of sales from each of those product lines. For a simplified example, consider the following five products: Product #1 #2 #3 #4 #5 Selling price $1.00 $2.00 $1.50 $3.00 $2.50 Quantity sold 50 40 10 1 4 Total $50.00 $80.00 $15.00 $3.00 $10.00 From this we can see the total sales value was $50 + $80 + $15 + $3 + $10 which is £158.00. The quantity total is 50 + 40 + 10 + 1 + 4 which is 105. So the average sales value is $158 / 105 = $1.50 The products with a sales value greater than $1.50 are #2, #4 and #5, with sales of 40, 1 and 4 respectively. Therefore there were 40 + 1 + 4 = 45 sales above the average sales value.
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The Correct answer would be Scaffolds on APEX