Purchase Solution

Use solver to maximize the profits

Not what you're looking for?

Ask Custom Question

Bratcher Cosmetics has created two new perfumes: Lavender Breeze and Lavender Passion. It costs $3.00 to purchase the lavender needed for each bottle of Lavender Passion, and $2.60 for each bottle of Lavender Breeze. Marketing executives have set a requirement that at least 30% but no more than 60% of the product mix be Lavender Passion. The average monthly demand for Lavender Passion is 5,000 bottles, and is estimated to increase by 10 bottles for each $1 spent on advertising. For Lavender Breeze, the monthly demand is estimated to be 9000 bottles, but is expected to increase by 50 bottles for each $1 spent on advertising. Lavender Passion sells for $12.00 per bottle, and Lavender Breeze for $10.50 per bottle. A monthly budget of $100,000 is available for both advertising and purchase of the lavender.

How many of each type of perfume should be produced to maximize the net profit?

Purchase this Solution

Solution Summary

The solution provides detailed explanation how to use solver to find the maximal profits.

Purchase this Solution


Free BrainMass Quizzes
Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.