A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $3000 when sold. A ranch-style house requires $40,000 of capital and provides an $8000profit. If the contractor has $3.8 million of capital on hand, how many houses of each type should she build for maximum profit? colonials ranches Will any of the lots be left vacant? Yes/ No
A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $3000 when sold. A ranch-style house requires $40,000 of capital and provides an $8000profit. If the contractor has $3.8 million of capital on hand, how many houses of each type should she build for maximum profit? colonials ranches Will any of the lots be left vacant? Yes/ No
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter5: Systems Of Linear Equations
Section5.2: Solve Systems Of Equations By Substitution
Problem 5.48TI: Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each...
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A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $3000 when sold. A ranch-style house requires $40,000 of capital and provides an $8000profit. If the contractor has $3.8 million of capital on hand, how many houses of each type should she build for maximum profit?
| colonials | |
| ranches |
Will any of the lots be left vacant?
Yes/ No
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