Find the maximum number of bicycle of each type to make maximum profit

Business/Management

ScanSolve AI Answer

Step-by-step solution

2 steps

To find the maximum profit, we need to use the method of linear programming.

  1. Define the objective function and constraints.

    Let xx be the number of type A bicycles and yy be the number of type B bicycles.

    The profit for a type A bicycle is K10 000, and for a type B bicycle is K15 000.
    The objective function to maximize profit PP is:

    P=10000x+15000yP = 10000x + 15000y

    From the previous part, the constraints are:

    1. Cost constraint: 3x+4y≤1203x + 4y \le 120
    2. Storage constraint: x+y≤40x + y \le 40
    3. Non-negativity: x≥0x \ge 0
    4. Non-negativity: y≥0y \ge 0
  2. Identify the vertices of the feasible region.

    The feasible region is defined by the intersection of these inequalities. We find the corner points (vertices) of this region.

    • Intersection of x=0x=0 and y=0y=0: (0,0)(0,0)

    • Intersection of y=0y=0 and 3x+4y=1203x + 4y = 120: 3x+4(0)=120  ⟹  3x=120  ⟹  x=403x + 4(0) = 120 \implies 3x = 120 \implies x = 40. Vertex: (40,0)(40,0)

    • Intersection of x=0x=0 and 3x+4y=1203x + 4y = 120: 3(0)+4y=120  ⟹  4y=120  ⟹  y=303(0) + 4y = 120 \implies 4y = 120 \implies y = 30. Vertex: (0,30)(0,30)

    • Intersection of x+y=40x + y = 40 and 3x+4y=1203x + 4y = 120: From x+y=40x + y = 40, we can write x=40−yx = 40 - y. Substitute this into the second equation: 3(40−y)+4y=1203(40 - y) + 4y = 120 120−3y+4y=120120 - 3y + 4y = 120 120+y=120120 + y = 120 y=0y = 0 Substitute y=0y=0 back into x=40−yx = 40 - y: x=40−0=40x = 40 - 0 = 40. Vertex: (40,0)(40,0)

    The constraint x+y≤40x+y \le 40 is redundant because the feasible region is already bounded by $3x+

Was this helpful?

Still stuck on this one?

Ask a follow-up, and the answer starts from this question.

Got a different question?Ask your own question