Store a uses the news vendor model to manage its inventory, Financial Management

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Store a uses the news vendor model to manage its inventory

Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $30. Inventory is salvaged for $5. What is its expected profit if Store A's order quantity is 525 units? Please provide formulas and explanation.

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Financial Management: Store a uses the news vendor model to manage its inventory

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Financial Management: Store a uses the news vendor model to manage its inventory

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