A Petri dish is growing bacteria. It starts with 3 cells on day 1, 9 cells on day 2, and continues tripling the number of cells
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We have been given a system of inequalities and an objective function.
The inequalities are given as:
And the objective function is given as:
In order to find the minimum value of the objective function at the given feasible region, we need to first graph the region.
The graph of the region is shown below:
From the graph, we can see that corner points of the feasible region are:
(x,y) = (15,30),(30,15) and (30,60).
Now we will evaluate the value of the objective function at each of these corner points and then we will compare which of those values is minimum.
Hence the minimum value of objective function is 975 and it occurs at x = 15 and y = 30
Markup is the amount added to the cost price of goods to cover overhead and profit.
Sue’s Corner Market has a markup of 60% on bottled water.
Let us say original price was $x.
Now price after markup is $2.
So we can make an equation like:
original price + markup price = price after markup
x + 60% of x =2
dividing both sides by 1.6
x= 1.25
So original price was 1.25 dollars.