Unformatted text preview: and the Tank Top price. Vary the prices from $15 to $25 in increments of $1. Use your table to determine what prices will maximize profit. What are the prices and profit? The price that will maximize profit is $5,121. This means selling 17 tanks and 24 regular tanks. b. Use Solver to determine the optimal solution, does this agree with part a? After using the solver the solution they gave was $5,123 selling 17.3 tanks and 23.8 regular tops. In comparison they are close but not exact but I agree with part a being that it’s in the same area as the solver. Not far from the solution but plausible....
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- Spring '12
- James Buffett, Quiz James Buffett, QBA Extra Credit, Tank Top price, hand drawn image