Use the Table Below to Answer the Following Questions) -Calculate the Total Number of Units Sold During the Full

question 59

Multiple Choice

Use the table below to answer the following questions) .
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. $$\begin{array} { | l | l | } \hline \text { Marked Dawn PricingModel for } & \\ \text { Fiberin Accessaries's nev sweater } & \\\hline & \\\hline \text { Data } & \\\hline & \\\hline \text { Retail Price } & \$ 65 \\\hline \text { Inventary } & 1500 \\\hline \text { SellingSensan days) } & 60 \\\hline \text { Days at Full Retail } & 45 \\\hline \text { Intermediate Markdawn } & 25 \text { percent } \\\hline \text { Clearance Markdawn } & 65 \text { percent } \\\hline \text { Demand Function } & \\\hline \text { A } & 79.5 \\\hline \text { B } & 1.1 \\\hline\end{array}$$
-Calculate the total number of units sold during the full retail sales period.

• A) 33.33
• B) 520
• C) 187.5
• D) 360

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Definitions:

Holding Period

The length of time an investment is held by an investor before being sold.

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A financial strategy that aims to profit from discrepancies in the price of identical or similar financial instruments on different markets or in different forms without risk.

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The current market price at which oil can be bought or sold for immediate delivery.

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The theoretical rate of return of an investment with zero risk, often represented by the yield on government securities.