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  3. Financial Forecasting in Python

Exercise

Calculating sales

To calculate a sales forecast we need to know both the price we wish to sell our product and the number of units we expect to sell. In this example we will have a look at a company T-Z producing and selling T-Shirts.

The company offers its customers two options - a basic shirt or a customized shirt. A T-shirt costs 15 USD for a basic shirt, and 25 USD for a customized one.

T-Z have forecast orders for T-Shirts for delivery next month, and want to use the same sales mix of 60% basic and 40% customized. As this mix is relatively stable, we can calculate an average sales price per unit for T-Z. The variable forecast_units has been set for you.

Instructions

100 XP
  • Set the variables for the basic sales price as salesprice_basic, the extensive customization price as salesprice_custom.
  • Calculate the average sales price for the T-Shirts taking into account the sales mix.
  • Calculate the forecast sales figure sales_USD for next month.
  • Print the total USD sales.