Math Transfer Task

Congratulations! You are opening a sports outlet store. You know your target consumers enjoy sports activities and want to have a variety of sneaker types from which to choose. For your first order, not only do you want to stock your shelves with plenty of inventory for the first 3 months, but you also want an extra 38% reserve to be sure the shelves are never bare. You have investigated a similar store’s weekly sales to help guide your ordering process.

    Type of Sneaker                   Pairs Sold                   Profit Per Pair

     Adidas                                       124                           $4.78

     Nike                                             64                           $3.35

     Tiger                                            49                           $7.19

     Saucony                                      42                         $12.51

     Converse High Top                   21                      $6.15

 

You order should include:

1.        evidence that you have a 3 month supply of each type

2.        evidence you have an extra 38% reserve

3.        an explanation of the process used and how you calculated

4.        graphic representation of the process used

5.        completed order form including the name of your new sports outlet store

6.        expected profit if 40% of each type of your total stock of shoes sell, expected profit if 60%, and expected profit if 75% sell