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Markdown Pricing Model Data Retail Price $70.00 Inventory 1000 Selling Season (days) 55 Days at full retail 40 Intermediate markdown 30% Clearance markdown 70% Sales
Markdown Pricing Model | ||
Data | ||
Retail Price | $70.00 | |
Inventory | 1000 | |
Selling Season (days) | 55 | |
Days at full retail | 40 | |
Intermediate markdown | 30% | |
Clearance markdown | 70% | |
Sales Data | ||
Price(X) | Average Daily Sales (Y) | |
$70 | 7 | |
$49 | 32.2 | |
Demand function parameters | ||
Intercept | 91 | |
Slope | -1.2 | |
Model | ||
Full Retail Sales | ||
Retail price | $70.00 | |
Daily sales | 7 | |
Days at retail price | 40 | |
Units sold at retail | 280 | |
Retail revenue | $19,600.00 | |
Discount Sales | ||
Discount | 30% | |
Discount price | $49.00 | |
Daily sales | 32.2 | |
Unit sold | 483 | |
Discount revenue | $23,667.00 | |
Clearance Sales | ||
Clearance price | 21 | |
Units sold at clearance | 237 | |
Clearance revenue | $4,977.00 | |
Total revenue | $48,244.00 |
The answer for days at full retail 35 is all correct. Please show workings in excel with varying days full at full retail thanks.
Use the Markdown Pricing Model spreadsheet model and a two-way data table to find the total revenue if days at full retail vary from 35 to 55 in increments of 5 and the intermediate markdown varies from 20% to 55% in increments of 5%. Fill in the two-way data table below. (Round to the nearest dollar as needed.) Intermediate Markdown Days at 20% 25% 30% 35% 40% 45% 50% 55% full Retail 35 $ 49,665 $ 50,645 $ 51,037' $ 50,841 $ 48,860 $ 46,218 $ 43,575 $ 40,933 40 $ $ $ $ $ $ $ $Step by Step Solution
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