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How do you formulate a mathematical model of the LC SCREW situation that can be used to minimize the daily profit?
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10 ways of solving problems of transportation?
(1) minimize the cost of shipping m units to ndestinations or (2) maximize the profit of shipping m units to n destinations.
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
Sell price is 2602.58 cost price is 2090.42 what is the profit?
The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%
How do you get a retail price if you have the gross profit percent and cost?
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.
Can you give me some examples for mathematical formulation of linear programming problems?
Products A B C weekly availability Department 1 2.5 4 2 120 hours Department 2 2 2 160 hours Department 3 3 1 100hours Department 4 2 3 2.5 150hours pounds of raw material per unit5.5 4.0 3.5 500lbs selling price $60 $50 $75 labour cost per unit 20 27 36 material cost per unit 21 8 7 If the objective is to maximize total weekly profit, formulate linear programming model.
Why do producers try to minimize costs and maximize revenue?
The profit motive
What is arsene wengers hobby?
To minimize cost in order to maximized profit.
What does profit motive push producers to do?
Minimize cost and maximize revenue
How can you apply mathematical equation in business?
Profit = total revenue - total costs is the fundamental mathematical equation for business.
What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
Why is profit motive considered an incentive in a market system?
Minimize costs and maximize revenues.
Why is the profit motive is considered an incentive in a market system?
Minimize costs and maximize revenues.
Role of chartered accountants?
Role of chartered accountants is to minimize cost and to maximize profit.
Which identifies the reason why producers try to minimize costs and maximize revenue?
The profit motive.
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
The profit motive motivates producers to do which of the following in marketing goats?
Minimize costs and maximize revenues
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
