1) A retail store stocks two types of shirts A and B. These are packed in...
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1) A retail store stocks two types of shirts A and B. These are packed in attractive cardboard boxes. During a week the store can sell a maximum of 400 shirts of type A and a maximum of 300 shirts of type B. The storage capacity, however, limited to a maximum of 600 of both types combined. Type A shirt fetches a profit of $ 2 per unit and type B a profit of $ 5 per unit. How many of each type the store should stock per week to maximize the total profit? Formulate a mathematical model of the problem. 1) A retail store stocks two types of shirts A and B. These are packed in attractive cardboard boxes. During a week the store can sell a maximum of 400 shirts of type A and a maximum of 300 shirts of type B. The storage capacity, however, limited to a maximum of 600 of both types combined. Type A shirt fetches a profit of $ 2 per unit and type B a profit of $ 5 per unit. How many of each type the store should stock per week to maximize the total profit? Formulate a mathematical model of the problem.
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Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
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