Projected Sales Calculator
The Projected Sales Calculator is a tool used to estimate the future sales revenue for a business or project. It takes into account various factors such as historical sales data, market trends, growth rates, and marketing strategies to forecast the expected sales for a given period.
The formula for calculating projected sales is:
Projected Sales = Previous Sales * (1 + Growth Rate)
If a business had sales of $100,000 last year and expects a growth rate of 10% for the coming year, the projected sales would be $100,000 * (1 + 0.10) = $110,000. This means the business anticipates generating $110,000 in sales for the upcoming year based on the projected growth rate.