To calculate the rank sales:
\[ RS = \frac{PSR}{100} \times TS \]
Where:
Rank sales refer to the portion of total sales attributed to a specific rank based on the percentage of sales that rank gets. This metric is useful for understanding the contribution of different ranks or categories to overall sales performance.
Let's assume the following values:
Using the formula:
\[ RS = \frac{25}{100} \times 100,000 = 0.25 \times 100,000 = 25,000 \, \text{\$} \]
The Rank Sales is $25,000.
Let's assume the following values:
Using the formula:
\[ RS = \frac{10}{100} \times 50,000 = 0.10 \times 50,000 = 5,000 \, \text{\$} \]
The Rank Sales is $5,000.