How many units of each type should be sold in order to maximize total profit? A store sells two types of sodas, A and B. The store owner pays $8 and $10 for each one unit of soda A and B respectively. One unit of sodas A yields a profit of $2 while a unit of sodas B yields a profit of $3. The store owner estimates that no more than 2000 sodas will be sold every month and he does not plan to invest more than $20,000 in inventory of these sodas. How many units of each type of toys should be stocked in order to maximize his monthly total profit?

Ashlynn Hale

Ashlynn Hale

Open question

2022-08-19

How many units of each type should be sold in order to maximize total profit?
A store sells two types of sodas, A and B. The store owner pays $8 and $10 for each one unit of soda A and B respectively. One unit of sodas A yields a profit of $2 while a unit of sodas B yields a profit of $3. The store owner estimates that no more than 2000 sodas will be sold every month and he does not plan to invest more than $20,000 in inventory of these sodas.
How many units of each type of toys should be stocked in order to maximize his monthly total profit?

Answer & Explanation

Ezequiel Davidson

Ezequiel Davidson

Beginner2022-08-20Added 11 answers

The soda which yields the greatest profit is soda B, so the owner must try to stock the most of that. The first restriction we will evaluate is the total price of $20,000. Each unit of soda B costs $10, so the owner can buy up to 2000 units of soda B per month ( $ 10 x = $ 20 , 000 x = 2000 ). The next restriction is the units to be sold. The owner estimates a maximum sale of 2000 units. Therefore, since he can buy up to 2000 units of soda B, he should!

Do you have a similar question?

Recalculate according to your conditions!

New Questions in Inferential Statistics

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?