Hi there,
I need some help with a formula, been trying to figure this out but can't seem to get it right (Preferably no VBA).
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I need to calculate the expected revenue of ticket sales. Few things to note:
1.) Ticket sales start from cheapest to most expensive so once the $200 one is sold out, the $300 tickets will be on sale next.
2.) Expected sales is 80% of the total number of tickets.
Is there a way to calculate this via a single formula?
So if my expected sales of 225 (Event A), it would count up till the $700 price point with 4 tickets sold at said price point. Hence, expected revenue would be tickets sold (number) x price it was sold at ($).
Any ideas? Any help would be much appreciated!
I need some help with a formula, been trying to figure this out but can't seem to get it right (Preferably no VBA).
I need to calculate the expected revenue of ticket sales. Few things to note:
1.) Ticket sales start from cheapest to most expensive so once the $200 one is sold out, the $300 tickets will be on sale next.
2.) Expected sales is 80% of the total number of tickets.
Is there a way to calculate this via a single formula?
So if my expected sales of 225 (Event A), it would count up till the $700 price point with 4 tickets sold at said price point. Hence, expected revenue would be tickets sold (number) x price it was sold at ($).
Any ideas? Any help would be much appreciated!