Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A buyer in the mens clothing department of a major department store has forecasted sales of two-piece suits at $270,000 for the coming fall-winter season.
- A buyer in the mens clothing department of a major department store has forecasted sales of two-piece suits at $270,000 for the coming fall-winter season. The department carries two price lines of mens two-piece suits at $225 and $275. The former line accounts for 70% of the season sales; the latter accounts for the remaining 30%. Both price lines of suits come in three basic styles
- Two-button suits account for 25% of the sales in both price lines
- Three-button suits account for 50% of the volume in the $225 price line and 60% in the $275 price line
- Double-breasted suits account for 25% in the $225 price line and 15% in the $275 line.
Two-piece suits = $225 price line
Size | Distribution | #25 plains | #37 Stripes | #07 Checks |
36 | 10% | 33% | 33% | 33% |
38 | 15% | 40% | 30% | 30% |
40 | 25% | 30% | 45% | 25% |
42 | 30% | 35% | 50% | 15% |
44 | 20% | 30% | 40% | 30% |
Complete the following chart.
$225 | Size | Quantity for Model Stock | Patterns | ||||||
#25 plains | #37 Stripes | #07 Checks | |||||||
|
| % | # | % | # | % | # | % | # |
Two button
| 36 | 10% | 6750 | 33% | 2226 |
|
|
|
|
38 |
|
|
|
|
|
|
|
| |
40 |
|
|
|
|
|
|
|
| |
42 |
|
|
|
|
|
|
|
| |
44 |
|
|
|
|
|
|
|
| |
Total |
|
| 67500 |
|
|
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started