- A company is planning to introduce two new products: A and B. It is estimated...

  

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- A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 100 and 300 S, respectively. It also estimated that the cost of product A is 180$ per unit, and the cost of product b IS 300S per unit, plus additional cost of 700000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.2 cents for each product B sold and the price for product B will decrease for by 0.5 cent for each of product A sold. Formulate the given problem to maximize the profit of the company? - A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 100 and 300 S, respectively. It also estimated that the cost of product A is 180$ per unit, and the cost of product b IS 300S per unit, plus additional cost of 700000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.2 cents for each product B sold and the price for product B will decrease for by 0.5 cent for each of product A sold. Formulate the given problem to maximize the profit of the company?

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