Week3 Assigment2

Math Problem (a ) How many books should Bs ? What is its expected profit How many books does it expect to sell at a discount

Ans : As per statement , we can not say accurate amount of selling books as we all know that we can only predict the amount on the basis of demand of that books with market survey . So , standard deviation of 5000 can be managed , thus (20000 5000 25 ,000 books should Bs

According to the business math rule we can calculate the expected profit of any product . The profit is

calculated by subtracting the from the It means , Px Rx - Cx

Here

If we consider that book

Rx Revenue earn for x unit book and Cx Thus , Px 24x-12x

Now , some books which is not sold in full price i .e 24 , should me sell with 3 discount per book , that means any unsold books is sell with 21 /book

As per statement we can definitely assume that 5000 books (standard deviation ) is not sold at the end of 2 months . That means (25000 - 5000 20000 books sell in full amount

So , Px [ 24 (x-5000 (21 5000 )] - 12x (24 20000 105000 - 300000 [here x 25000 copy of books as describe] (480000 105000 ) - 300000 285000

So , Total Profit expected profit is 2 ,85...