The book's retail price is $27 and the wholesale price is $19. The publisher will buy back the retailer's leftover copies at a full refund, but Howard Books incurs $5 in shipping and handling costs for each book returned to the publisher. Lynelle believes her demand forecast can be represented by a normal distribution with a mean of 310 and a standard deviation of 100. What order quantity maximum expected profit?

Answer rating: 100% (QA)

Okay lets break this down stepbystep Retail price of book 27 Wholesale price publisher charges retai... View the full answer