Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PROBLEM 2: Consider the following data Leads per Month (L) Cost Per Lead (C) Conversion Rate (R) Profit per Sale (P) Overhead per Month 1500

image text in transcribed
PROBLEM 2: Consider the following data Leads per Month (L) Cost Per Lead (C) Conversion Rate (R) Profit per Sale (P) Overhead per Month 1500 $0.50 3.0% $50.00 $800.00 (H) Income/month can be calculated by multiplying leads/month, conversion rate and profit per sale together. Expenses/month can be calculated by adding Overhead/month to the product of leads/month and cost/lead. Monthly profit can be calculated by subtracting monthly expenses from monthly income. Make unconstrained variables non-negative. Select GRG Nonlinear solving method. Solve for a profit of $1200 subject to the following constraints: Leads per Month (L) not more than 1700 Cost Per Lead (C) less than $0.6 Conversion Rate (R) less than or equal to 5% Profit per Sale (P) not more than $60 Overhead per Month (H) not exceeding $1000 Make sure leads per month is an integer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

MBA Accounting

Authors: Roger Hussey

1st Edition

0230303374, 9780230303379

More Books

Students also viewed these Accounting questions