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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

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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 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

image text in transcribed

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 $ $ $ $ $ $ $ $

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