Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A leading company in Delhi is planning to rent houses and open spaces. The houses are in three categories namely, having three bedrooms, two bedrooms

A leading company in Delhi is planning to rent houses and open spaces. The houses are in three categories namely, having three bedrooms, two bedrooms and single bedroom homes. A market survey conducted by a team indicates that a maximum of 650 three bedroom homes, 500 two bedroom homes and 300 single bedroom homes can be rented. Also, the number of three bedroom homes should be at least 60% of the number of two bedroom and single bedroom homes. Open space is proportionate to the number of home units at the rates of at least 10 sq.ft, 15 sq.ft and 18 sq.ft for three bedroom, two bedroom and single bedroom homes respectively. However, land availability limits open space to no more than 10000 sq.ft. The monthly rental income is estimated at Rs. 45000, Rs. 56250 and Rs. 90000 for single bedroom, two bedroom and three bedroom homes respectively. The open space rents for Rs. 7500/sq.ft. Formulate the above as an LPP so as to get maximal revenue. (4) b) Convert the following problem to standard form explaining the various steps.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions