A publisher sells a hardcover edition of a book for ₹72 and a paperback edition of the same for ₹40. Costs to the publisher are ₹56 and ₹28 respectively in addition to weekly costs of ₹9600. Both types require 5 minutes of printing time although the hardcover edition requires 10 minutes of binding time and the paperback edition requires only 2 minutes. Both the printing and binding operations have 4800 minutes available each week. How many of each type of books should be produced in order to maximize the profit? Also, find the maximum profit per week.
Let x and y be number of hardcover and paperback edition of the book.
∴According to the question,
5x + 5y , 10x + 2y
Maximize Z = (72x + 40y) – (56x + 28y + 9600)
= 16x + 12y - 9600
The feasible region determined by 5x + 5y , 10x + 2y is given by
The corner points of feasible region are A(0,0) , B(0,960) , C(360,600), D(480,0).The value of Z at corner points are
The maximum value of Z is 3360 at point (360,600).
Hence, the publisher should publish 360 hardcover edition and 600 and paperback edition of the book to earn maximum profit of Rs.3360.
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