Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
A- A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 300 and 500 S, respectively. It also estimated that the cost of product A is 180$ per unit, and the cost of product b IS 200$ per unit, plus additional cost of 500000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.1 cents for each product B sold and the price for product B will decrease for by 0.3 cent for each of product A sold. Formulate the given problem to maximize the profit of the сompany?

A- A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 300 and 500 S, respectively. It also estimated that the cost of product A is 180$ per unit, and the cost of product b IS 200$ per unit, plus additional cost of 500000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.1 cents for each product B sold and the price for product B will decrease for by 0.3 cent for each of product A sold. Formulate the given problem to maximize the profit of the сompany?

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
See similar textbooks
icon
Related questions
Topic Video
Question
None
A- A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 300 and 500 S, respectively. It also estimated that the cost of product A is 180OS per unit, and the cost of product b IS 200S per unit, plus additional cost of 500000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.1 cents for each product B sold and the price for product B will decrease for by 0.3 cent for each of product A sold. Formulate the given problem to maximize the profit of the company?
Transcribed Image Text:A- A company is planning to introduce two new products: A and B. It is estimated that the price of product A and B are 300 and 500 S, respectively. It also estimated that the cost of product A is 180OS per unit, and the cost of product b IS 200S per unit, plus additional cost of 500000 S. In competitive market the number of sales will affect the sales price. It is estimated that for each product, the sales price drops by one cent for each additional unit a sold. Furthermore, sales of the product will affect sales of product B and vice versa. It is estimated that the price for the product A will reduced by an additional 0.1 cents for each product B sold and the price for product B will decrease for by 0.3 cent for each of product A sold. Formulate the given problem to maximize the profit of the company?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS