A car rental agency has a budget of $1.82 million to purchase at most 100 new cars. The agency will purchase either subcompact cars at $13,000 each or midsized cars at $26,000 each. From past rental patterns, the agency decides to purchase at most 50 midsized cars and expects an annual profit of $7,000 per subcompact car and $10,000 per midsized car. How many of each type of car should be purchased to obtain the maximum profit while satisfying budgetary and other planning constraints? subcompact cars midsized cars Find the maximum profit. Need Help? Read It Watch It
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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