--%>
Assignment Help - homework help

profit-loss based problems

A leather wholesaler supplies leather to shoe companies. The manufacturing quantity requirements of leather differ depending upon the amount of leather ordered by the shoe companies to him. Due to the volatility in orders, he is unable to precisely predict what will be the demand from the shoe companies to him in the coming months. Below is the data he has collected from his monthly order books in the last 3 years:

Quantity of Leather ordered         No. of times this quantity

by shoe companies                      (in kg) was ordered

1200                                                3

1800                                               12

2400                                             10

3000                                              4

3600                                              7

(a) Given the above past data, how much stock should he be prepared to keep available for the next month?

(b) Assume that 1 kg of leather costs him Rs.150/- and he sells it to the shoemakers for a price of Rs.175/-. Also for any excess leather stock in a month that remains, he disposes them off by selling to smaller shops for a price of Rs.140/-. If the demand in the next month turns out to be 1800 kg, what would be his profit/loss?

   Related Questions in Mathematics

  • Q : What is Big-O hierarchy The big-O

    The big-O hierarchy: A few basic facts about the big-O behaviour of some familiar functions are very important. Let p(n) be a polynomial in n (of any degree). Then logbn is O(p(n)) and p(n) is O(an<

    		•
  • Q : Maths assignment complete assignment

    complete assignment with clear solution and explanation

    		•
  • Q : Define Well-formed formulas or Wffs

    Wffs (Well-formed formulas): These are defined inductively by the following clauses:    (i) If  P  is an n-ary predicate and  t1, …, tn are terms, then P(t1, …, t

    		•
  • Q : Global And Regional Economic Development

    The Pharmatec Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. Pharmatec South A

    		•
  • Q : Logic and math The homework is attached

    The homework is attached in the first two files, it's is related to Sider's book, which is "Logic for philosophy" I attached this book too, it's the third file.

    		•
  • Q : Problem on mass balance law Using the

    Using the mass balance law approach, write down a set of word equations to model the transport of lead concentration. A) Draw a compartmental model to represent  the diffusion of lead through the lungs and the bloodstream.

    		•
  • Q : Profit-loss based problems A leather

    A leather wholesaler supplies leather to shoe companies. The manufacturing quantity requirements of leather differ depending upon the amount of leather ordered by the shoe companies to him. Due to the volatility in orders, he is unable to precisely predict what will b

    		•
  • Q : Problem on Datalog for defining

    The focus is on  the use of Datalog for defining properties  and queries on graphs. (a) Assume that P is some property of graphs  definable in the Datalog. Show that P is preserved beneath extensions  and homomo

    		•
  • Q : Who developed a rigorous theory for

    Who developed a rigorous theory for Brownian motion?

    		•
  • Q : Numerical Analysis Hi, I was wondering

    Hi, I was wondering if there is anyone who can perform numerical analysis and write a code when required. Thanks

    		•