Question: Use the Markdown Pricing Model spreadsheet model and a two-way data table to find the total revenue if days at full retail vary from 30

Use the Markdown Pricing Model spreadsheet modelUse the Markdown Pricing Model spreadsheet model

Use the Markdown Pricing Model spreadsheet model and a two-way data table to find the total revenue if days at full retail vary from 30 to 50 in increments of 5 and the intermediate markdown varies from 10% to 45% in increments of 5%. Click here to view the Markdown Pricing Model spreadsheet model with numbers. Click here to view the Markdown Pricing Model spreadsheet model with Excel functions. Fill in the two-way data table below. (Round to the nearest dollar as needed.) Intermediate Markdown Days at full 10% 15% 20% 25% Retail 30 $0 $0 $0 $0 30% $0 35% $0 40% $0 45% $J 1 Markdown Pricing Model 3 Data Retail Price Inventory Selling Season (days) Days at full retail Intermediate markdown Clearance markdown $70.00 1000 50 40 30% 70% 11 Sales Data Price(X) Average Daily Sales (Y) 7.00 32.20 $70 $49 Demand function parameters Intercept Slope 91 - 1.2 19 Model 20 22 23 40 25 21 Full Retail Sales Retail price $70.00 Daily sales 7.00 Days at retail price Units sold at retail 280 26 Retail revenue $19,600.00 27 Discount Sales 28 Discount 30% Discount price $49.00 Daily sales 32.20 Unit sold Discount revenue $15,778.00 33 Clearance Sales Clearance price 21.00 Units sold at clearance 398 Clearance $8,358.00 revenue 322 32 Total revenue $43,736.00 Use the Markdown Pricing Model spreadsheet model and a two-way data table to find the total revenue if days at full retail vary from 30 to 50 in increments of 5 and the intermediate markdown varies from 10% to 45% in increments of 5%. Click here to view the Markdown Pricing Model spreadsheet model with numbers. Click here to view the Markdown Pricing Model spreadsheet model with Excel functions. Fill in the two-way data table below. (Round to the nearest dollar as needed.) Intermediate Markdown Days at full 10% 15% 20% 25% Retail 30 $0 $0 $0 $0 30% $0 35% $0 40% $0 45% $J 1 Markdown Pricing Model 3 Data Retail Price Inventory Selling Season (days) Days at full retail Intermediate markdown Clearance markdown $70.00 1000 50 40 30% 70% 11 Sales Data Price(X) Average Daily Sales (Y) 7.00 32.20 $70 $49 Demand function parameters Intercept Slope 91 - 1.2 19 Model 20 22 23 40 25 21 Full Retail Sales Retail price $70.00 Daily sales 7.00 Days at retail price Units sold at retail 280 26 Retail revenue $19,600.00 27 Discount Sales 28 Discount 30% Discount price $49.00 Daily sales 32.20 Unit sold Discount revenue $15,778.00 33 Clearance Sales Clearance price 21.00 Units sold at clearance 398 Clearance $8,358.00 revenue 322 32 Total revenue $43,736.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!