A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB. His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of 18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his money in order to maximize his profit? (Note: ETB = Ethiopian Birr)Formulate it as a linear programming problem (LPP)Use the graphical method to solve it.

The profit on Fan is ETB 22 and the profit on Sewing machine is ETB 18 Let the number of fan is ETB…

Answered: A dealer wishes to purchase a number of…

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A dealer wishes to purchase a number of fans and sewing machines. He has only 5760 ETB to invest and has space for almost 20 items. A fan costs him 360 ETB and sewing machine 240 ETB. His expectation is that he can sell a fan at profit of 22 ETB and a sewing machine at a profit of 18 ETB. Assuming that he can sell all the items that he can buy, how should he invest his money in order to maximize his profit? (Note: ETB = Ethiopian Birr)
1. Formulate it as a linear programming problem (LPP)
2. Use the graphical method to solve it.

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