A company has a monthly advertising budget of $40,000. It is estimated that if x dollars are spent each month on advertising in newspapers and y dollars per month on television advertising, then the monthly sales will be given by S= 80x0.25y0.75 dollars. If the profit is 20% of sales, less the advertising cost, determine how to allocate the advertising budget in order to maximise the monthly profit
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A company has a monthly advertising budget of $40,000. It is estimated that if x dollars are spent each month on advertising in newspapers and y dollars per month on television advertising, then the monthly sales will be given by S= 80x0.25y0.75 dollars. If the profit is 20% of sales, less the advertising cost, determine how to allocate the advertising budget in order to maximise the monthly profit.
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