Mantis & Gear Sep/Dec 2015

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August 14, 2017 at 3:07 pm #401797
accountant4life
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Question a Mantis and Gear

How they get the average selling price of $150 and $135.
And also a decrease of 10%

Please help
Thank you
August 15, 2017 at 8:31 am #401914
Ken Garrett
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Average selling price is simply sales revenue/sales volume.

Going from $150 to $135 is a decrease of $15 or 10% (100 x 15/150).
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