A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB. His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of 18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his money in order to maximize his profit? (Note: ETB = Ethiopian Birr) Formulate it as a linear programming problem (LPP) Use the graphical method to solve it.
A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB. His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of 18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his money in order to maximize his profit? (Note: ETB = Ethiopian Birr) Formulate it as a linear programming problem (LPP) Use the graphical method to solve it.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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- A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB. His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of 18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his money in order to maximize his profit? (Note: ETB = Ethiopian Birr)
- Formulate it as a linear programming problem (LPP)
- Use the graphical method to solve it.
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