Use the table below to answer the following question(s).

Fiberia Accessories, a clothing retailer, plans to introduce a new line of sweaters for the winter collection for $65 with an inventory of 1,500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days while giving a discount of 25 percent for the remaining 15 days. The demand functions A and B are 79.5 and 1.1, respectively.

Marked Down Pricing Model for Fiberia Accessories' new sweater

Data

Retail Price

$65

Inventory

1500

Selling Season (days)

60

Days at Full Retail

45

Intermediate Markdown

25 percent

Clearance Markdown

65 percent

Demand Function

A

79.5

B

1.1

1. What is the average daily sale during the full retail sales period?

2. Calculate the total number of units sold during the full retail sales period.

3. Calculate the total revenue during the full retail sales period

4. Calculate the daily sales during the discount sales period.

5. Calculate the total units sold during the discount sales period.

6. Calculate the total revenue during the discount sales period.

7. Calculate the revenue for the clearance sales period

8. Calculate the total revenue for the new line of sweaters.