Price frequency is not weighted
Each entered price contributes equally to the mean. If one product dominates sales, use a more realistic expected average transaction value instead of relying on the simple price list mean.
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Estimate a practical cash float from prices and expected cash sales.
Estimate a total change float from typical prices, expected cash transactions and a float ratio. It estimates the total amount to prepare, not the denomination mix.
500 / 1000 / 1500 average 1,000. Fifty cash transactions imply 50,000 in estimated cash sales; 15% gives 7,500.The tool does not decide how many coins or notes of each denomination to prepare. Customer payment behavior can matter more than the total amount.
Each entered price contributes equally to the mean. If one product dominates sales, use a more realistic expected average transaction value instead of relying on the simple price list mean.
A 15% ratio means 0.15 of estimated cash sales. It is not a universal recommendation and should be adjusted for the event, customer mix and pricing structure.
The calculation deliberately rounds the theoretical float upward so the suggested amount is easier to prepare in practice.
If many customers are expected to pay cashless, reduce the cash transaction count rather than entering the total number of buyers or attendees.
A 7,500 total float can perform very differently depending on whether customers tend to hand over large notes or exact change. Plan the bill and coin mix separately.
Related references: Paper sizes · DPI, PPI & px · Aspect ratios