A local Chevrolet dealership carries the following types of vehicles:
|
Inventory Items
|
Quantity
|
Cost per Unit
|
Market (replacement cost per Unit)
|
|
Vans
|
3
|
$21,700
|
$19,300
|
|
Tracks
|
8
|
16,300
|
16,000
|
|
2-door sedans
|
8
|
12,400
|
13,700
|
|
4-door sedans
|
3
|
16,900
|
18,300
|
|
Sports cars
|
5
|
32,600
|
34,200
|
|
SUVs
|
8
|
28,100
|
22,200
|
Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, Vans, and trucks.