Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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2. Newspaper Stand
• A newspaper stand operator has the following sales data for one-
year sales of Fine magazine.
Quantity Sold per day
No. of days quantity sold
10
36
11
54
12
72
13
90
14
108
• The operator wants to know how many copies to stock per day to
get the maximum profit. Issues of the magazine sell for $0.50, and
costs $0.30. Unsold copies cannot be returned to the distributor.
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Transcribed Image Text:2. Newspaper Stand • A newspaper stand operator has the following sales data for one- year sales of Fine magazine. Quantity Sold per day No. of days quantity sold 10 36 11 54 12 72 13 90 14 108 • The operator wants to know how many copies to stock per day to get the maximum profit. Issues of the magazine sell for $0.50, and costs $0.30. Unsold copies cannot be returned to the distributor.
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