Cathy Gwynn for a class project is analyzing a "Quick Shop" grocery store. The store emphasizes quick service, a limited assortment of grocery items, and higher prices. Cathy wants to see if the store hours (currently 0600 to 0100) can be changed to make the store more profitable. Time Period Daily Sales in the Time Period 0600-0700 $40 0700-0800 70 0800-0900 120 0900-1200 400 1200-1500 450 1500-1800 500 1800-2000 600 2000-2200 200 2200-2300 50 2300-2400 85 2400-0100 40 The cost ofthe groceries sold averages 65% of sales. The incremental cost to keep the store open, including the clerk's wage and other operating costs, is S23 per hour. To maximize profit, when should the store be opened, and when should it be closed?

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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Cathy Gwynn for a class project is analyzing a "Quick Shop" grocery store. The store emphasizes quick service, a limited assortment of grocery items, and higher prices. Cathy wants to see if the store hours (currently 0600 to 0100) can be changed to make the store more profitable.

Time Period

Daily Sales in the Time Period

0600-0700

$40

0700-0800

70

0800-0900

120

0900-1200

400

1200-1500

450

1500-1800

500

1800-2000

600

2000-2200

200

2200-2300

50

2300-2400

85

2400-0100

40

The cost ofthe groceries sold averages 65% of sales. The incremental cost to keep the store open, including the clerk's wage and other operating costs, is S23 per hour. To maximize profit, when should the store be opened, and when should it be closed?

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