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Star 2 Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $ 6 5
Star Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $ with an inventory of The main selling season is days between November and December. The store then sells the remaining units in a clearance sale at percent discount. Out of the main retail days, Star sells the sweaters at full retail price for only days, while giving a discount of percent for the remaining days. The demand functions a and b are given as and respectively.
Marked Down Pricing Model for Star Accessories's new sweater
Data
Retail Price
$
Inventory
Selling Season days
Days at Full Retail
Intermediate Markdown
percent
Clearance Markdown
percent
Demand Functions
a
b
A What is the average daily sales during the full retail sales period?
B Calculate the total number of units sold during the full retail sales period.
C Calculate the total revenue for the new line of sweaters.
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