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The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Stereo Washing machine Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 $800 $86 0.5 $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse?

The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Stereo Washing machine Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 $800 $86 0.5 $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 6CE: Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each...
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The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 Stereo 008$ $86 0.5 Washing machine $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse? Appliance Clothes dryer Number Coffee machine Refrigerator Stereo Washing machine Мaхimum profit Floor area (m)
Transcribed Image Text:The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy at least 100 of each appliance. The prices of buying appliances and the profits derived from selling them are shown in the following table, along with the floor area the devices require when stacked in the warehouse. Area (m?) Appliance Clothes dryer Coffee machine Refrigerator Price Profit $200 $21 1.2 $300 $28 0.2 $600 $46 0.9 Stereo 008$ $86 0.5 Washing machine $300 $40 1.5 Use the Excel Solver to answer the following questions. 1) How many of each appliance should the store buy if they want to get the maximum profit when the appliances are sold? 2) What will the profit be and how much floor area is required in the warehouse? Appliance Clothes dryer Number Coffee machine Refrigerator Stereo Washing machine Мaхimum profit Floor area (m)
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