As an inventory manager, you must decide on the order quantity for an item. Its annual demand is 679 units. Ordering costs are $
1 answer:
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Solution of the equation:
Step-by-step explanation:
The equation that we have to solve in this problem is:
The first step to do is to rewrite the mixed fractions as improper fractions. We have:
And
So the equation becomes
Now we multiply by 4 each term on both sides, and we get
Now we subtract 29 from both sides,
And finally, we divide both sides by 4:
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Rate of change of profit for this period is $2750 per month
<em><u>Solution:</u></em>
Given that,
Profit of $6500 in January and $17,500 in May
<em><u>To find: Rate of change</u></em>
Since,
January is the first month of the year (1) while May is the fifth month (5)
<em><u>Therefore, we get two points</u></em>
(1, 6500) and (5, 17500)
Using these points we can find the rate of change in profit for this time period
<em><u>The rate of change using the following formula:</u></em>
Here from the points,
<em><u>Therefore, rate of change is given as:</u></em>
Thus rate of change of profit for this period = $2750 per month