a.
To calculate: The total revenue made from the sale of the bedroom sets in one period.
The obtained matrix is
Given Information:
The matrix are,
Calculation:
Consider the given matrix,
Now, find the total revenue made from the sale of the bedroom sets in one period. To find the total revenue, multiply the transpose of
Hence, the obtained product is
b.
To determine: The expression using the matrices that gives the profit produced by the sale of the bedroom sets in one period.
The total wholesale and retail prices at store
Given Information:
The matrix are,
Explanation:
Consider the given matrix,
Now, write the matrix for profit
Now, The profit produced by the sale of bedroom sets in the one period can then be calculated by the product
The obtained result of matrix is
Chapter 7 Solutions
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