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. $$\begin{array} { | l | l | }
\hline \text { Marked Dawn PricingModel for } & \
\text { Fiberin Accessaries's nev sweater } & \
\hline & \
\hline \text { Data } & \
\hline & \
\hline \text { Retail Price } & \$ 65 \
\hline \text { Inventary } & 1500 \
\hline \text { SellingSensan days) } & 60 \
\hline \text { Days at Full Retail } & 45 \
\hline \text { Intermediate Markdawn } & 25 \text { percent } \
\hline \text { Clearance Markdawn } & 65 \text { percent } \
\hline \text { Demand Function } & \
\hline \text { A } & 79.5 \
\hline \text { B } & 1.1 \
\hline
\end{array}$$
-Calculate the total number of units sold during the full retail sales period.
A) 33.33
B) 520
C) 187.5
D) 360

Question

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. $$\begin{array} { | l | l | } 
\hline \text { Marked Dawn PricingModel for } & \
 \text { Fiberin Accessaries's nev sweater } & \
\hline & \
\hline \text { Data } & \
\hline & \
\hline \text { Retail Price } & \$ 65 \
\hline \text { Inventary } & 1500 \
\hline \text { SellingSensan days) } & 60 \
\hline \text { Days at Full Retail } & 45 \
\hline \text { Intermediate Markdawn } & 25 \text { percent } \
\hline \text { Clearance Markdawn } & 65 \text { percent } \
\hline \text { Demand Function } & \
\hline \text { A } & 79.5 \
\hline \text { B } & 1.1 \
\hline
\end{array}$$
-Calculate the total number of units sold during the full retail sales period.
A) 33.33
B) 520
C) 187.5
D) 360

Quizplus · Accepted Answer

The total number of units sold during the full retail sales period can be calculated using the demand function provided. The demand function is not explicitly given in a typical format (e.g., D = a - bP), but we can infer that it relates to how demand changes with price. Since no specific formula is provided for calculating demand based on the given "a" and "b" values, and without a clear understanding of how these values interact with the price or the period, we cannot directly calculate the number of units sold. However, given the choices provided and the context of the question, it seems we are expected to select an answer without performing a calculation that directly uses "a" and "b". Therefore, the correct choice must be inferred or based on additional information not provided in the question. Since this is not possible with the given data, the selection of "D" as the correct answer is based on the assumption that there is an error in the question or that it is a hypothetical scenario meant to test understanding of demand functions in general. Without a clear method to apply "a" and "b", we cannot accurately calculate the demand.

Use the Table Below to Answer the Following Questions) -Calculate the Total Number of Units Sold During the Full