Question

A salesperson receives $200 commission per sale and has set a goal of earning $3,000 per month. With a conversion rate of 1 out of 8 prospects, he will need to make sales presentations to _____ prospects to achieve his performance goal.

Answer 1

The salesperson will need to make sales presentations to 120 prospects to meet the goal of earning $3,000 per month, given a commission of $200 per sale and a conversion rate of 1 out of 8 prospects.

Step-by-step explanation:

The student's question involves calculating the number of sales presentations a salesperson needs to make in order to achieve a performance goal, given their commission per sale and their conversion rate. To earn $3,000 per month with a commission of $200 per sale, the salesperson needs to make 15 sales (since $3,000 / $200 = 15). Given a conversion rate of 1 out of 8 prospects, the salesperson needs to make presentations to 8 times as many prospects as sales they need to achieve. Therefore, the salesperson will need to make sales presentations to 120 prospects (15 sales * 8 prospects per sale).