ou are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $649.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale.   (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.)  _______%   (b) What is the percent increase in number of bikes sold during the sale?  _______%   (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ _______ more revenue   (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.)   ____Yes, permanent markdown increases revenue significantly. ____No, permanent markdown decreases revenue significantly. ____No, permanent markdown does not change revenue.

You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $649.99. Recently, you put the bikes on sale at $599.99. At the sale price, 13 bikes were sold during the one week sale.
 
(a) What was your markdown percent on the bikes? (Round your answer to one decimal place.)
 _______%
 
(b) What is the percent increase in number of bikes sold during the sale?
 _______%
 
(c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.)
$ _______ more revenue
 
(d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.)
 
____Yes, permanent markdown increases revenue significantly.
____No, permanent markdown decreases revenue significantly.
____No, permanent markdown does not change revenue.
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