Question: Question 1 7 ( Perishable Goods ) : A retailer deals in a perishable commodity. The daily demand and supply are variables. The data for

Question 17(Perishable Goods): A retailer deals in a perishable commodity. The daily demand and supply are variables. The data for the past 500 days, show the following demand and supply:SupplyDemandAvailability (kg.)102030No. of days4050190Demand (kg.)102030No. of days50110200401504010050705040The Retailer buys the commodity at K20 per kg and sells it atK30 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 K8 per kg. Given the following pairs of random numbers, simulate 6-day sales, demand and profits:31,18,63,84,15,79,07,32,43,75,81,27.

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