Fiberia 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, 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 given as 79.5 and 1.1 respectively. Calculate the total revenue during the discount sales period, rounded to the nearest cent. Click the icon to view the pricing model. OA. $18,921.09 OB. $43,321.09 OC. $10,042.73 O D. $4,478.91
Fiberia 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, 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 given as 79.5 and 1.1 respectively. Calculate the total revenue during the discount sales period, rounded to the nearest cent. Click the icon to view the pricing model. OA. $18,921.09 OB. $43,321.09 OC. $10,042.73 O D. $4,478.91
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Fiberia 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, 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 given as 79.5 and 1.1 respectively. Calculate the total
revenue during the discount sales period, rounded to the nearest cent.
Click the icon to view the pricing model.
OA. $18,921.09
OB. $43,321.09
OC. $10,042.73
OD. $4,478.91](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6ea5d89-e8a5-49bd-bebd-c275194a945b%2F7aeb4aef-98f9-44df-afc6-3f3b98940b0d%2Fcgpdo7s_processed.png&w=3840&q=75)
Transcribed Image Text:Fiberia 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, 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 given as 79.5 and 1.1 respectively. Calculate the total
revenue during the discount sales period, rounded to the nearest cent.
Click the icon to view the pricing model.
OA. $18,921.09
OB. $43,321.09
OC. $10,042.73
OD. $4,478.91
![Pricing Model
Marked Down Pricing Model for
Fiberia Accessories's new sweater
Data
Retail Price
Inventory
Selling Season (days)
Days at Full Retail
Intermediate Markdown
Clearance Markdown
Demand Function
A
B
$65
1500
60
45
25 percent
65 percent
79.5
1.1
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6ea5d89-e8a5-49bd-bebd-c275194a945b%2F7aeb4aef-98f9-44df-afc6-3f3b98940b0d%2Fpvclbz5_processed.png&w=3840&q=75)
Transcribed Image Text:Pricing Model
Marked Down Pricing Model for
Fiberia Accessories's new sweater
Data
Retail Price
Inventory
Selling Season (days)
Days at Full Retail
Intermediate Markdown
Clearance Markdown
Demand Function
A
B
$65
1500
60
45
25 percent
65 percent
79.5
1.1
Print
Done
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