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What is the critical fractile

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When we sell, at full retail, a unit of PB&J, we get a price of $100. It costs us $40 to acquire a unit of PB&J from our wholesaler, and a unit of PB&J that remains unsold at full retail has a salvage value of $9. For a single-period inventory policy for PB&J, what is the critical fractile? (Round to 4 decimal places)

Reference no: EM132676964

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