Calculate the daily sales during the discount sales period

Reference no: EM132154287

Question: Wowza Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. 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, Wowza 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 given as 79.5 and 1.1 respectively.

Calculate the daily sales during the discount sales period.

Marked Down Pricing Model for Wowza Accessories' new sweater

Data

Retail Prices	$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

Reference no: EM132154287

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