Question
Figure out how many of each card to order, how much the inventory will cost, and what the likely net revenue and net profit will
- Figure out how many of each card to order, how much the inventory will cost, and what the likely net revenue and net profit will be for each card order and for the total order of both cards.
- Why is it important to know the historical sales pattern of each brand before ordering cards for the next year?
Topps cards are only sold by the case.Each case contains 20 boxes and each box contains 36 packs.Each box costs $30.00 and retails for $44.95.Each pack retails for $2.95.70% of the boxes were sold in full boxes.The remaining 30% was sold in individual packs.Last year, Charlie bought 25 cases and expects a 7% increase in sales this year.Fleer EX are sold only by the box.Each box contains 20 packs, costs $125 and retails for $179.Each pack retails for $8.95.100% of the boxes were sold in full boxes.Last year, Charlie bought 20 boxes and expects a 5% increase in sales this year. Total budget is $18,500.
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