Produce Company needs to know the pounds of apples to have on hand each day.Each pound 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 pounds of apples 30% of the time
300 pounds of apples 40% of the time
400 pounds of apples 30% of the time
Required:
Determine whether Produce Company should order 200,300,or 400 pounds of apples.

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The Answer of Produce Company needs to know the pounds of apples to have on hand each day.Each pound 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 pounds of apples 30% of the time
300 pounds of apples 40% of the time
400 pounds of apples 30% of the time
Required:
Determine whether Produce Company should order 200,300,or 400 pounds of apples.

Produce Company Needs to Know the Pounds of Apples to Have