Question: Question 1 7 ( Perishable Goods ) : A retailer deals in a perishable commodity. The daily demand and supply are variables. The data for
Question Perishable Goods: A retailer deals in a perishable commodity. The daily demand and supply are variables. The data for the past days, show the following demand and supply:SupplyDemandAvailability kgNo of daysDemand kgNo of daysThe Retailer buys the commodity at K per kg and sells it atK per kg Any commodity that remains at the end of the day has no saleable value. Moreover, the loss unearned profit on an unsatisfied demand is K per kg Given the following pairs of random numbers, simulate day sales, demand and profits:
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