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Hi,
There is a formula called retail ratio which is Product Sales divided by the sum of Product Sales and Service Sales. or RR = P/(S+P). I am trying to create a "What If" chart which would allow someone to plug in values for the Retail Ratio. The Service Sales are also known. What I am trying to do is to solve for what the Product Sales would be. So RR and S are know but P is not. Since it is both in the numerator and denomiator, I am trying to come up with a formula that solves for this. Here is what my chart looks like. Can someone help? Thanks, Chuck Person Service Sales Product Sales Total Sales RR 100 $20,000.00 40% 200 $30,000.00 40% 300 $40,000.00 40% 400 $50,000.00 40% |
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