Question: quantitative methods question bankas Quantitative Methods in Management Course Code: 0502324 Project 1-Spring 2022 Dr. Faris Al-Majali Business School Dept. of Business Administration Ahmad runs
quantitative methods question
bankas Quantitative Methods in Management Course Code: 0502324 Project 1-Spring 2022 Dr. Faris Al-Majali Business School Dept. of Business Administration Ahmad runs a fruit and vegetable distribution business that buys products at whole sale price, package them and sell them through retailers for an agreed commission. Currently Ahmad distributes potatoes only where he buys the kilogram for XXJDs and cost him XX JDs for packaging then sells for XXJDs. The retailer takes XX% in commission, Ahmad pays salaries for XX employees that sum up to XXJDs/Month, rents a warehouse with the packaging equipment's for XXJDs/Month, pays XXJDs/month for bills, and XXJDs a month for distribution expenses. Q1. Find the monthly breakeven point? Q2. If Ahmad plans to make 1500 JDs in profit next month, how many Kilograms does he need to sell? Beside potatoes, Ahmad is planning to distribute three more products to increase profit (bananas, tomatoes and cucumbers). Knowing that 30% of demands id on Potatoes, 15% on Bananas, 20% on Tomatoes and 35% on cucumbers, this will increase distribution expenses to XXJDs/Month and salaries to XXJDs/Month. Consider further information from the table below to answer the following questions: Product Selling Price per Buying Price per Retailer Packaging costs per Kg in JDs Kg in JDs Kg in JDs Commission per Kg in percentage Potatoes 1.5 0.75 20% 0.15 Bananas 2.25 1.4 15% 0.25 Tomatoes 1.2 0.55 15% 0.2 Cucumbers 1.7 0.85 25% 0.2 Q3. Find the monthly sales target for every product to breakeven? Q2. If Ahmad plans to make 2000 JDs in profit next month, how many Kilograms of each product does he need to sell? 1 ww
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