Should the retailer reserve for the up market mall retail

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Question: A Banglore based retail company owns two outlets- one in an up market mall and other a discount store in Chennai. It has procured 2,000 quantities of a new toy at a unit cost of Rs 300 from China for the Christmas season. The retailer plans to sell the toy at Rs 500 at the discount store and at Rs 800 in the up market mall during the Christmas season. The retailer knows that at the discount retailer there is unlimited demand for this new toy but demand for new toy at the up market mall is likely to be normally distributed with a mean of 600 and S. D. of 200. As per customer policy, all the leftover toys at the end of Christmas season will be donated to charity. How many toys should the retailer reserve for the up market mall retail outlet

Reference no: EM133648148

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