What is the maximum revenue that the company can make?
1 Answer
23700$
Explanation:
Putting the problem in inequality, three times the number of y tires sold is less than or equal to twice the number of x tires sold:
Since y is more expensive and we need the maximum revenue, so we have to maximize the number of y tires sold. First let us isolate y in the inequality, by dividing both sides of the inequality by 3:
the number of y tires sold is less than or equal to two thirds of the number of x tires sold, so the maximum number that can be sold is equal to
In the given, the total number of tires sold is 300, so:
Substituting y by
Multiplying both sides of the equation by
Substituting value of x to find y: