Final answer:
To find the average sale from a total of $4700 over 38 transactions, divide the total sales by the number of transactions, resulting in an average sale of approximately $123.68 per transaction.
Step-by-step explanation:
To calculate the average sale amount when $4700 in total sales is made over 38 transactions, you would divide the total sales by the number of transactions. Using the formula:
Average Sale = Total Sales ÷ Number of Transactions
In this case:
Average Sale = $4700 ÷ 38
Now, carry out the division to find the average:
Average Sale = $123.68 (rounded to the nearest cent)
Therefore, the average sale amount per transaction would be approximately $123.68.