A merchant plans to sell two smart phones of different models named Sams and Leno.The Sams model yields a profit of RM90 and the Leno model yields a profit of RM70.The merchant estimates at least 50 units of Sams model can be placed in a storeroomwhile Leno; 100 units. The merchant assumes that at least 10 Sams smart phones can besold each month. The cost for 1 Sams smart phone is RM400, while RM500 for 1 Leno.The merchant has a storeroom that can place only 3500 smart phones at a same time. Themerchant can only spend RM 20,000 for both smart phones. Find the number of units ofeach model that should be stocked in order to maximize profit.Storeroom (unit)Cost (RM)Sell (unit)Profit (RM)Sams504001090Leno10050070Requirement350020 000

Here, first, I will formulate the LP, then I will solve this LP using the 2-phase simplex method,…

Answered: A merchant plans to sell two smart…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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