Merchandising assistant interview questions shared by candidates
If your normal % rate of closing an item is 42% If you have 12 items of x selling at 30% If you have 15 items of y selling at 40% What is your % rate of closing on the items?
35% It's really a simple question, even though it has more information then is really needed.
First answer: 42% is the closing rate on all items (given). Second answer: Clarify that you're looking for % closing on X + Y item group, exclusive. Then: 12 x .3 = 3.6 14 x .4 = 6 Sum: 27 and 9.6 Divide: 9.6 / 27 = 0.3555 ~35.56% closing rate for item group X + Y. Data insufficient to calculate closing rate on non- X or Y items. Data needed: Total Items. Equation for non X or Y items closing rate: Total Items = Z Non - X or Y Items closing rate = P P = (0.42Z - 9.6) / (Z - 27)
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