Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100 and the cost of the Orange model is $ 150. The retail price of the Blue is $ 130 and of the Orange is $ 190. In any given month the store sells at most 2500 machines total and because of budget concerns management has earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the manager order each month in order to maximize monthly profit? What is the maximum profit? Blue Orange $ ? ? ?
Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100 and the cost of the Orange model is $ 150. The retail price of the Blue is $ 130 and of the Orange is $ 190. In any given month the store sells at most 2500 machines total and because of budget concerns management has earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the manager order each month in order to maximize monthly profit? What is the maximum profit? Blue Orange $ ? ? ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Problem. 6: Gator Office Supplies sells two models of fax machines. The wholesale cost of the Blue model is $ 100
and the cost of the Orange model is $ 150. The retail price of the Blue is $130 and of the Orange is $ 190. In any
given month the store sells at most 2500 machines total and because of budget concerns management has
earmarked no more than $ 600,000 per month to purchase inventory. How many units of each model should the
manager order each month in order to maximize monthly profit?
What is the maximum profit?
Blue
Orange
S
?
?
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