The numbers of chairs and tables that should be produced each week in order to maximize the company's profit is 15 chairs and 18 tables.
Since a furniture company has 480 board ft of teak wood and can sustain up to 450 hours of labor each week, and each chair produced requires 8 ft of wood and 12 hours of labor, and each table requires 20 ft of wood and 15 hours of labor, to determine, if a chair yields a profit of $ 65 and a table yields a profit of $ 90, what are the numbers of chairs and tables that should be produced each week in order to maximize the company's profit, the following calculation should be done:
16 chairs; 24 tables
Time used = 16 x 12 + 24 x 15 = 192 + 360 = 552
Wood used = 16 x 8 + 24 x 20 = 128 + 480 = 608
15 chairs; 18 tables
Time used = 15 x 12 + 18 x 15 = 180 + 270 = 450
Wood used = 15 x 8 + 18 x 20 = 120 + 360 = 480
12 chairs; 28 tables
Time used = 12 x 12 + 28 x 15 = 144 + 420 = 564
Wood used = 12 x 8 + 28 x 20 = 96 + 540 = 636
18 chairs; 20 tables
Time used = 18 x 12 + 20 x 15 = 216 + 300 = 516
Wood used = 18 x 8 + 20 x 20 = 144 + 400 = 544
Therefore, the only option that meets the requirements of time and wood used is that of 15 chairs and 18 tables, whose economic benefit will be the following:
15 x 65 + 18 x 90 = X
975 + 1,620 = X
2,595 = X
Therefore, the numbers of chairs and tables that should be produced each week in order to maximize the company's profit is 15 chairs and 18 tables.
the answer should be letter A
the difference of 3.4 and 1.25 = 2.15
Now you know that there will be 2 whole blocks and .15 of a block
.15 is equal to 3/20 which is equal to 15/100.
So you will have 2 whole blocks and 15/100 of a blocks. So the answer is A
Answer:
54.5%
Step-by-step explanation:
Given data
Cost price= $15
Selling price= $33
Mark up percent =????
%markup= selling-cost/selling*100
substitute
%markup= 33-15/33*100
%markup= 18/33*100
%markup=0.545*100
%markup= 54.5%
Hence the Percent markup is 54.5%
Answer:
okay so it would be 2 or 1.5 i dont know if you want it whole number but i will explain
if the number is 5 or more like 5.1 or even 5 you round up
if the number is under 5 like 4,3,2,1 your round down
Step-by-step explanation:
