Given the problem constraints, which Gross Profit amount is closest to the maximum profit possible for this problem?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
2
3
4 Chocolate
5 Nougat
6 Nuts
7 Caramel
8
9 Demand
10 Total to Make
Ingredients
11
12 Price/Bar
13 Cost/Bar
14 Gross Profit/Bar
15
16 Gross Profit/Type
17
18 Total Gross Profit
19
20
21 Ingredients
22 Chocolate
23 Nougat
24 Nuts
25 Caramel
26
Milky Way
1
1
0
.1
Candy Bars
Snickers
1
1
$0.90
$0.45
$0.45
1
1
Nut Roll 3 Musketeers
1
1
0
0
2,000,000 2,500,000 1,000,000
2,000,000 1,500,000 1,000,000
0
1
1
1
$0.90 $1.05
$0.65 $0.50
$0.25
$0.55
Material Totals
Used
Available
5,000,000 6,000,000
6,000,000 7,000,000
2,500,000 2,500,000
4,500,000 5,500,000
$900,000 $375,000 $550,000
$2,725,000
1,500,000
1,500,000
$0.90
$0.30
$0.60
$900,000
Cost
$0.15
$0.15
$0.20
$0.15
Transcribed Image Text:2 3 4 Chocolate 5 Nougat 6 Nuts 7 Caramel 8 9 Demand 10 Total to Make Ingredients 11 12 Price/Bar 13 Cost/Bar 14 Gross Profit/Bar 15 16 Gross Profit/Type 17 18 Total Gross Profit 19 20 21 Ingredients 22 Chocolate 23 Nougat 24 Nuts 25 Caramel 26 Milky Way 1 1 0 .1 Candy Bars Snickers 1 1 $0.90 $0.45 $0.45 1 1 Nut Roll 3 Musketeers 1 1 0 0 2,000,000 2,500,000 1,000,000 2,000,000 1,500,000 1,000,000 0 1 1 1 $0.90 $1.05 $0.65 $0.50 $0.25 $0.55 Material Totals Used Available 5,000,000 6,000,000 6,000,000 7,000,000 2,500,000 2,500,000 4,500,000 5,500,000 $900,000 $375,000 $550,000 $2,725,000 1,500,000 1,500,000 $0.90 $0.30 $0.60 $900,000 Cost $0.15 $0.15 $0.20 $0.15
3
Given the problem
constraints, which Gross
Profit amount is closest
to the maximum profit
possible for this
problem?
O $2,500,000
O $2,600,000
O $2,700,000
O $2,800,000
O $2,900,000
O $3,000,000
Transcribed Image Text:3 Given the problem constraints, which Gross Profit amount is closest to the maximum profit possible for this problem? O $2,500,000 O $2,600,000 O $2,700,000 O $2,800,000 O $2,900,000 O $3,000,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.