Question

A new business earned $18,943.55in revenue during its first week. On average, how much revenue did the business earn each day that week? Round to the nearest penny.

Answer 1

To find the average daily revenue, the total weekly revenue of $18,943.55 is divided by 7, which results in approximately $2,706.22 per day.

Step-by-step explanation:

To calculate the average daily revenue for the business's first week, we divide the total weekly revenue by the number of days in a week. Given the business earned $18,943.55 in revenue in its first week, we will use this formula:

Average Daily Revenue = Total Weekly Revenue ÷ Number of Days in a Week

Therefore, Average Daily Revenue = $18,943.55 ÷ 7

After performing the division, we find that the business's average daily revenue for its first week was approximately $2,706.22 when rounded to the nearest penny.