The formula to calculate the Average Monthly Sales (AMS) is:
\[ AMS = \frac{AS}{12} \]
Where:
Let's say the total annual sales (AS) is $120,000. Using the formula:
\[ AMS = \frac{120,000}{12} \]
We get:
\[ AMS = 10,000 \]
So, the average monthly sales is $10,000.
Definition: The average monthly sales is the total sales divided by the number of months.
Formula: \( \text{Average Monthly Sales} = \frac{\text{Total Sales}}{\text{Number of Months}} \)
Example: \( \text{Average Monthly Sales} = \frac{12000}{12} \)
Definition: The average weekly sales is the total sales divided by the number of weeks.
Formula: \( \text{Average Weekly Sales} = \frac{\text{Total Sales}}{\text{Number of Weeks}} \)
Example: \( \text{Average Weekly Sales} = \frac{6000}{4} \)
Definition: The daily average sales is the total sales divided by the number of days.
Formula: \( \text{Daily Average Sales} = \frac{\text{Total Sales}}{\text{Number of Days}} \)
Example: \( \text{Daily Average Sales} = \frac{3000}{30} \)
Definition: The monthly sales percentage is the percentage of total sales for a specific month.
Formula: \( \text{Monthly Sales Percentage} = \left( \frac{\text{Monthly Sales}}{\text{Total Sales}} \right) \times 100 \)
Example: \( \text{Monthly Sales Percentage} = \left( \frac{1000}{12000} \right) \times 100 \)
Definition: The average total sales is the total sales divided by the number of periods.
Formula: \( \text{Average Total Sales} = \frac{\text{Total Sales}}{\text{Number of Periods}} \)
Example: \( \text{Average Total Sales} = \frac{24000}{2} \)
