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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
12,400
13,700
4-door sedans
16,900
18,300
Sports cars
5
32,600
34,200
SUVs
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.
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