Resources:Yellow paint 1000gal.Red paint 1250 gal
Mixture1: Ratio of yellow:blue = (1/2):((1/2)
Mixture2:Ratio of yellow :Blue= (1/3):(2/3)
Let the Mixture1 and Mixture2 be x gal and y gallons.
The yellow paint in the two mixtures = x/2+y/3 gallons canot exceed the company's stock of 1000gal.Similarly the blue pain quantity in two mixtures x/2+2y/3 gal cannot exceed 1250 of stock. I.e.'
x/2+y/3<=1000 (1)
x/2+2y/3<=1250 (2)
By capcity of production, x+y =<2150 (3)
By demand first mix x>=250 (4)
and second mix y>=150. (5)
The profit P for the quantity of x and y at the rate of $7.82 per unit of x and $6.67 per unit of y is given by:
P= 7.82x+6.67y (6)
The object is to maximise the profit P and find the quantities x and y satisfying the conditions or constraints (1) to (5).
Solution:
From (1) and (2): Treating like ordinary equations we find x and y
(2)-(1): y/3=1250-1000==> y=750. So, y<=750 is a possibility.
From this treating like simultaneous equations, we get by substitution in(1): x/2=100-250=750=>x=1500
So, x<=1500 is a possible solution
From these two possible solutions we get
X+y<=1500+750=2250 or
x+y<=2250 (7)
From (3) x+y < =2150. (8).
The conditions (7) and (8) should hold good and the satisfying solution should maximise profit,P.Therefore, we decide to keep x at 1500 without reducing the quantity as the rate of profit per unitof x is $7.82 which is higher than that of y at $6.66 and limiting the y units to 650 as x+y=2150 at this value satisfying all the consraints, giving best or maximum profit.
P=7.82*1500+ 650*6.67 = $16,065.50, he maximum profit.
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