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19 February, 22:38

A store sold 3,000 tops and 2,500 pants last quarter. They plan to increase marketing by $5,000 in the next quarter with the expectation of increasing sales by 10%. Assuming no seasonal change in demand, what are the forecasted unit sales for tops and pants?

a. Tops: 3,500 and Pants: 3,000

b. Tops: 3,250 and Pants: 2,670

c. Tops: 2,750 and Pants: 3,300

d. Tops: 3,300 and Pants: 2,750

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  1. 20 February, 02:01
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    Option (d) Tops: 3,300 and Pants: 2,750

    Explanation:

    Data provided in the question:

    Tops sold last quarter = 3,000

    Pants sold last quarter = 2,500

    Increase in marketing = $5,000

    Expected increase in sales = 10%

    Now,

    Forecasted unit sales for tops

    = Tops sold last quarter + Expected increase in sales

    = 3,000 + 10% of 3,000

    = 3,000 + 300

    = 3,300

    Forecasted unit sales for pants

    = Pants sold last quarter + Expected increase in sales

    = 2,500 + 10% of 2,500

    = 2,500 + 250

    = 2,750

    Hence,

    Option (d) Tops: 3,300 and Pants: 2,750
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