Produce Company needs to know how many kilos of apples to have on hand each day.Each kilo of apples costs $0.50 and can be sold for $0.80.Unsold apples are worthless at the end of the day.The following demands were found after studying the last six months' sales:
200 kilos of apples 30% of the time
300 kilos of apples 40% of the time
400 kilos of apples 30% of the time
Required:
Determine whether Produce Company should order 200,300,or 400 kilos of apples.
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The Answer of Produce Company needs to know how many kilos of apples to have on hand each day.Each kilo of apples costs $0.50 and can be sold for $0.80.Unsold apples are worthless at the end of the day.The following demands were found after studying the last six months' sales:
200 kilos of apples 30% of the time
300 kilos of apples 40% of the time
400 kilos of apples 30% of the time
Required:
Determine whether Produce Company should order 200,300,or 400 kilos of apples.
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Produce Company Needs to Know How Many Kilos of Apples