Calculate the total number of manufacturers,if 15 transactions are made per year with 10,000 retailers.The total number of transactions is 3 million transactions per year.
A)25
B)10
C)20
D)35
E)50

Question

Quizplus · Accepted Answer

The total number of transactions is given as 3 million per year. If each retailer makes 15 transactions per year, then the total number of transactions made by 10,000 retailers is 10,000 * 15 = 150,000 transactions. To find the number of manufacturers, we divide the total number of transactions (3,000,000) by the transactions made by the retailers (150,000), which gives us 3,000,000 / 150,000 = 20 manufacturers.

Calculate the Total Number of Manufacturers,if 15 Transactions Are Made