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Markdown Pricing Model Data Retail Price $70.00 Inventory 1000 Selling Season (days) 50 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) | 50 | |
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 | 322 | |
Discount revenue | $15,778.00 | |
Clearance Sales | ||
Clearance price | 21 | |
Units sold at clearance | 398 | |
Clearance revenue | $8,358.00 | |
Total revenue | $43,736.00 | |
PLEASE HELP! THE DATA TABLES ARE REPEATING THE SAME VALUES FOR ME AND I DON'T KNOW HOW TO FIX IT! PLEASE HELP ME SOLVE THE ABOVE QUESTION THANK YOU
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 25 to 45 in increments of 5 and the intermediate markdown varies from 20% to 55% in increments of 5%. Click here to view the Markdown Pricing Model spreadsheet model with numbers Click here to view the Markdown Pricing Model spreadsheet model with Excel functions. Fill in the two-way data table below. (Round to the nearest dollar as needed.) Days at full Retail 25 20% Intermediate Markdown 35% 25% 30% $ 40% 45% $ 50% 55% $ C 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 25 to 45 in increments of 5 and the intermediate markdown varies from 20% to 55% in increments of 5%. Click here to view the Markdown Pricing Model spreadsheet model with numbers Click here to view the Markdown Pricing Model spreadsheet model with Excel functions. Fill in the two-way data table below. (Round to the nearest dollar as needed.) Days at full Retail 25 20% Intermediate Markdown 35% 25% 30% $ 40% 45% $ 50% 55% $ CStep by Step Solution
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