--%>
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 : State Fermat algorithm The basic Fermat

    The basic Fermat algorithm is as follows: Assume that n is an odd positive integer. Set c = [√n] (`ceiling of √n '). Then we consider in turn the numbers c2 - n; (c+1)2 - n; (c+2)2 - n..... until a perfect square is found. If th

    		•
  • Q : Who had find Monte Carlo and finite

    Who had find Monte Carlo and finite differences of the binomial model?

    		•
  • Q : How to get calculus homework done from

    How to get calculus homework done from tutor

    		•
  • Q : Formal logic2 It's a problem set, they

    It's a problem set, they are attached. it's related to Sider's book which is "Logic to philosophy" I attached the book too. I need it on feb22 but feb23 still work

    		•
  • Q : Problem on Nash equilibrium In a

    In a project, employee and boss are working altogether. The employee can be sincere or insincere, and the Boss can either reward or penalize. The employee gets no benefit for being sincere but gets utility for being insincere (30), for getting rewarded (10) and for be

    		•
  • Q : What is limit x tends to 0 log(1+x)/x

    What is limit x tends to 0  log(1+x)/x to the base a?

  • Q : Nonlinear integer programming problem

    Explain Nonlinear integer programming problem with an example ?

    		•
  • Q : Linear programming model of a Cabinet

    A cabinet company produces cabinets used in mobile and motor homes. Cabinets produced for motor homes are smaller and made from less expensive materials than those for mobile homes. The home office in Dayton Ohio has just distributed to its individual manufacturing ce

    		•
  • Q : Test Please read the assignment

    Please read the assignment carefully and confirm only if you are 100% sure. Please go through below mentioned guidelines and penalties: • Your solution must be accurate and complete. • Please do not change Subject Title of the Email. • Penalty clause will be applied in case of delayed or plag

    		•
  • Q : Abstract Algebra let a, b, c, d be

    let a, b, c, d be integers. Prove the following statements: (a) if a|b and b|c. (b) if a|b and ac|bd. (c) if d|a and d|b then d|(xa+yb) for any x, y EZ

    		•