Question

Orbital Toys sells two types of sets of magnetic spheres, silver and brass. The store owner, Lucy Ball, pays $8 and $16 for each one set of silver magnetic spheres and brass magnetic spheres respectively. One set of silver magnetic spheres yields a profit of $3 while a set of brass magnetic spheres yields a profit of $5. Ms. Ball estimates that no more than 2000 sets of magnetic spheres will be sold every month and she does not plan to invest more than $20,000 in inventory of these sets. How many sets of each type of magnetic spheres should be stocked in order to maximize her total monthly profit? What is her maximum monthly profit?​

Answer 1

Answer:

The maximum profit will be reached by buying 500 brass magnetic spheres and 1500 silver magnetic spheres.

Step-by-step explanation:

In order to solve this you need to create a system of equations, with two values that will create the answer we are looking for, the thing that we don't know here is how many of each are we buying so the number of silver magnetic spheres will be represented by "y" and the brass magnetic spheres will be represented by "x".

So we know that x+y=2000

That's our first equation, our second would be the expense, which would be

8x+16y=20,000

We now just solve for one of them

x=(2000-y)

8(2000-y)+16y=20,000

16,000-8y+16y=20,000

8y=4,000

y=500

So we know that the maximum profit will be reached by buying 500 brass magnetic spheres and 1500 silver magnetic spheres.