Use the Table Below to Answer the Following Questions) -What Is the Average Daily Sale During the Full Retail
Use the table below to answer the following questions) .
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The demand functions a, and b are given as 79.5 and 1.1 respectively.
-What is the average daily sale during the full retail sales period?
A) 15
B) 33.33
C) 8
D) 24.55
Correct Answer:
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