Question: 1. Link used for deciding washer to use: 2. https://www.bestbuy.com/site/samsung45cuft14cycleaddwashhighefficiencyfront loadingwasherwithsteamblackstainless/4922809.p?skuId=4922809 2. 4.1-4.5 cubic feet=20 pounds of laundry Total cost of each pound = cost
1. Link used for deciding washer to use: 2. https://www.bestbuy.com/site/samsung45cuft14cycleaddwashhighefficiencyfront loadingwasherwithsteamblackstainless/4922809.p?skuId=4922809 2. 4.1-4.5 cubic feet=20 pounds of laundry Total cost of each pound = cost of water 0.10 +cost detergent 0.15+employee labor cost 0.50+energy 0.02= 0.77 per cents per load 20 pounds at maximum per load. Therefore, the cost per load is c=$0.77*M, where c is cost and M is the number of machines (loads). Assuming 20 pounds of laundry needs to be washed = 20lbs X 1.00 per load (cost)= 20.00 Profit = sales minus cost or Profit = s-c Profit is then represented by P=s-c, where P is profit, s is sales, and c is cost. This results in P=1*W 0.77*M 3) Weight of Laundry 0 10 20 30 40 50 60 Machines Needed (M) Sales (s) Cost per load (c) Profit (P) (M) s=1*W c=$0.77*M P=s-c 0 1 1 2 2 3 3 0 10.00 20.00 30.00 40.00 50.00 60.00 0 0.77 0.77 1.54 1.54 2.31 2.31 0 9.23 19.23 28.46 38.46 47.69 57.69 5. Include a piecewise function graph showing profit per pound of laundry, with reasonable increments. Make sure we can clearly see the \"pieces\" of the graph! P 0 0 9.23 19.23 10.00 9.23 10.00 6. At the end of the report, explain (in two-three paragraphs) what the formula, table and graph each show, as well as what each means for our business. Using a washer that can hold a capacity of 20lbs we can calculate the cost of a load if Drip and Dry will charge 1.00 to each customer per lb. The table above shows if we needed the to wash 20 lbs. and drip and fry wanted to calculate the sale a customer will pay 20.00 because Drip and Dry is charging 1.00 for each pound which is the cost per load. To calculate how many washers are needed we will use to wash the 40 lbs. we can determine this by multiplying what we know that each washer can hold a max of 20 lbs. Cost per load is 0.77 To wash 40lbs we will need 2 washers and we will need to multiply cost per load 0.77 X2= $1.54. Which will calculate the cost to was both load is $1.54 If Drip and Dry wants to know what their profit is we can calculate profit which is then represented by P=s-c, where P is profit, s is sales, and c is cost. This results in P=1*W - 0.77*M. In the table above the profit to washer 40 lbs. is 38.46. To summarize the table calculates the cost, profit and sale depending on how much pounds of laundry is being washed the company can tell if profit is more by the pound of less. The price per pound table defines the P value represents the change in profit from the previous value. In the table, the P represents the change in the profits as pounds are increase. The P value represents the change in profit from the previous value. P is the difference in profit from the initial weight of laundry in that row to the row below it. For example, the profit from 40 lbs. minus the profit from 10 lbs. is the P for the row of 40lbs The graph shows that for 7. Finally, compare the two models (price-per-pound and price-per-load) and explain which one you think we should use. We are interested in whichever model has the potential to be more profitable. Be sure to apply your answer to our business. Thank you again for all your help on this! The model that Drip and Dry should use is the cost per pound model. This is so because Drip and Dry can make more profit if they charge by the pound
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