Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Revenue for the Clearance Sales Period
Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
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.
-Calculate the revenue for the clearance sales period.
A) $18,921.09
B) $23,400
C) $48,871.88
D) $17,105.16
Correct Answer:
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