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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
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: (Show all your detailed computations.) Determine whether Produce Company should order 200, 300, or 400 pounds of apples.
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