A company has two retail locations that carry 12000 and 16000 items respectively. The average unit...

A company has two retail locations that carry 12000 and 16000 items respectively. The average unit costs $1.15 . What is the approximate total value (across both warehouses) of the most valuable 20% of the items.

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Expert Solution

Total inventory across two locations =12000+16000=28000 items

Average unit cost =$ 1.15

Total inventory value=Total inventory* Average unit cost

=28000*1.15

=$ 32200

Total inventory value of top 20% of items(dollars)=80% of total inventory

=0.8*32200

=$ 25760

(top 10-20 % of items contribute to 70-80 % of total dollar value )

keosha answered 2 years ago

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