You walk into a 7-11 store and pick up four different items. You place them on...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You walk into a 7-11 store and pick up four different items. You place them on the checkout counter. The clerk says to you, "that will be $7.11". You laugh and say, how did you get that price? The clerk says, "I took the four individual prices and multiplied them together and the result was $7.11. MULTIPLY?! You say, you can't do that, you need to ADD the four prices together. Clerk says, "doesn't matter, the result is still a total of $7.11 whether I multiply the four prices or add the four prices. So, the puzzle is for you to develop a Solver model in Excel that can (possibly) determine the four individual item prices. Of course, each price CANNOT contain fractions of pennies. In other words, the final solution must be dollars and a whole number of pennies for each of the four products. Yes, you can simply use math and Google to find the four unique prices, but that's not the puzzle. The puzzle is to develop a Solver model that can produce the four distinct prices. You walk into a 7-11 store and pick up four different items. You place them on the checkout counter. The clerk says to you, "that will be $7.11". You laugh and say, how did you get that price? The clerk says, "I took the four individual prices and multiplied them together and the result was $7.11. MULTIPLY?! You say, you can't do that, you need to ADD the four prices together. Clerk says, "doesn't matter, the result is still a total of $7.11 whether I multiply the four prices or add the four prices. So, the puzzle is for you to develop a Solver model in Excel that can (possibly) determine the four individual item prices. Of course, each price CANNOT contain fractions of pennies. In other words, the final solution must be dollars and a whole number of pennies for each of the four products. Yes, you can simply use math and Google to find the four unique prices, but that's not the puzzle. The puzzle is to develop a Solver model that can produce the four distinct prices.
Expert Answer:
Answer rating: 100% (QA)
he ansurer Jeun hung 150 243141120 DS425 the Jetal cast and the Prod... View the full answer
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
Posted Date:
Students also viewed these accounting questions
-
You walk into a room where some friends have been playing a coin toss game. They ask you to guess whether the coin will land on heads or tails on the next toss. Does the fact that your friends have...
-
You walk into a new job and find that there are hundreds of accounts payable checks sitting in drawers. At this point you have no idea how much cash is available and you must meet a payroll of...
-
You need to pick up a very hot cooking pot in your kitchen. You have a pair of hot pads. Should you soak them in cold water or keep them dry, to be able to pick up the pot most comfortably?
-
A beam of 40-eV electrons traveling in the +x-direction passes through a slit that is parallel to the y-axis and 5.0wide. The diffraction pattern is recorded on a screen 2.5 m from the slit. (a) What...
-
Consider the following account balances of Costco Wholesale Corporation, the Seattle-based warehouse store operator ($ in millions): On Costcos income statement for the fiscal year 2011, the cost of...
-
Cylindrical stainless steel rods are heated to a uniform temperature of 700C and then quenched in water at 1 atm. The rods are 25 cm in length, 25 mm in diameter, and their surface have an emissivity...
-
Repeat Problem 10.17 if the upstream depth is \(y_{1}=0.5 \mathrm{ft}\). Assume that there are no losses between sections (1) and (2).
-
The following trial balance has been extracted from the books of Garswood as at 31 March 2010: Required: Prepare Garswood's trading and profit and loss account for the year to 31 March 2010 and a...
-
Explain why accurate accounting information helps with the overall analysis of the business. Discuss how inaccurate or false information impacts the business. In your opinion, discuss the importance...
-
Dixie Showtime Movie Theaters, Inc., owns and operates a chain of cinemas in several markets in the southern United States. The owners would like to estimate weekly gross revenue as a function of...
-
A radio link to a geostationary satellite is 36000 km long and runs at 1.5 Mbps. The signal propagation speed is 300000 km/s. What is the total time in seconds between starting the transmission of...
-
The velocity of an object is given in SI units by \(\vec{v}=\left(a t-b t^{2} ight) \hat{\imath}+c \hat{\jmath}\), with \(a=14 \mathrm{~m} / \mathrm{s}^{2}, b=10 \mathrm{~m} / \mathrm{s}^{3}\), and...
-
A \(20-\mathrm{kg}\) boy slides down a smooth, snow-covered hill on a plastic disk. The hill is at a \(10^{\circ}\) angle to the horizontal, and the slope is \(50 \mathrm{~m}\) long. (a) If the boy...
-
(a) Suppose you have two arrows of equal length on a tabletop. If you can move them to point in any direction but they must remain on the tabletop, how many distinct patterns are possible such that...
-
A \(0.45-\mathrm{kg}\) soccer ball is kicked at an angle \(\theta\) above the ground with initial speed \(v_{\mathrm{i}}\). (a) Determine the height of the ball as a function of the horizontal...
-
Two children pull a third child on a tricycle by means of two ropes tied to the handlebars. The combined inertia of the child and tricycle is \(35 \mathrm{~kg}\). One child pulls with a constant...
-
A fast growth share has the first dividend (t=1) of $3.19. Dividends are then expected to grow at a rate of 9 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 2.9...
-
Given the table below, about how much force does the rocket engine exert on the 4.0 kg payload? Distance traveled with rocket engine firing (m) Payload final velocity (m/s) 500 320 490 310 1020 450...
-
A company has experienced the following demand for a product over the most recent nine months. Use the information to produce a two-period simple moving average and a forecast for period 10. Period...
-
Formulate a level sales and operations plan for a company with the following predicted demand: The beginning workforce is 125 employees. The monthly output per employee is 150 units. The costs to...
-
What is DMAIC? How is it related to the Six Sigma process?
-
What are the key differences between financing entrepreneurial and established companies?
-
What is the purpose of staged financing?
-
What can and can't we learn from successful start-ups like Pandora's Box and Spotify?
Study smarter with the SolutionInn App