A certain company wants to advertise its new product and wishes to allocate P 2,000,00 towards advertising
Question:
A certain company wants to advertise its new product and wishes to allocate P 2,000,00 towards advertising in newspapers and magazines. The intention of the company is to maximize the exposure of its advertisements. Each half-page of the leading newspapers costs P 200,000 and each page of a magazine costs P 300,000. It is guaranteed that each page of the magazine will reach an audience of 250,000, while 450,00 persons will read each half-page of the newspaper advertisement. Furthermore, it is specified that at least one page of the magazine and a half-page newspaper will be allocated for the company’s advertisement.
Find the number of advertisements on magazines and newspaper advertisements that will maximize exposure and still remain within the P 2,000,000 budget.