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An analysis of the product line items in the retail store of the PVS Drug Chain shows that 20 percent of the items stocked account for 65 percent of...
An analysis of the product line items in the retail store of the PVS Drug Chain shows that 20 percent of the items stocked account for 65 percent of the dollar sales. A typical store carries 5,000 items. The items accounting for the top 75 percent of the sales are replenished from warehouse stocks. The items accounting for the next 15% of sales are shipped from the manufacturers, while the remainder 10% is shipped directly from the jobbers. How many items are represented in the top 75 percent of sales? How many items would be ordered from manufacturers directly? [Hint: This question requires the application of Equations 3-1 and 3-2, and involves solving for X for given Y in the latter part.]
