Green’s Grocery sampled 730 shoppers to determine their interest in buying fresh fish. Of the people surveyed, 222 said they would buy fresh fish. Green’s Grocery estimates that 82,000 people visit the store at least once every two weeks and that people buying fresh fish would buy some at every visit. What can Green's Grocery estimate to be the annual fish sales rounded to the nearest ten thousand?
I used this formula but it gives me the wrong answer.
Annual sales potential = Estimated market size X Individual rate of purchase X percent of potential purchases

A.S.P. = 82,000 X 26 X 30% = 639,600

Question

Green’s Grocery sampled 730 shoppers to determine their interest in buying fresh fish. Of the people surveyed, 222 said they would buy fresh fish. Green’s Grocery estimates that 82,000 people visit the store at least once every two weeks and that people buying fresh fish would buy some at every visit. What can Green's Grocery estimate to be the annual fish sales rounded to the nearest ten thousand?  
I used this formula but it gives me the wrong answer. 
Annual sales potential = Estimated market size  X Individual rate of purchase X percent of potential purchases

A.S.P. = 82,000 X 26 X 30% = 639,600

ranga · Answer

ASP = 82000 x 222/730 x 26 = 648,362

Rounded to the nearest ten thousand is 650,000

Is this the answer?

anonymous · Answer

Yes, this is the answer. Thank you!