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Sunny Tours has $400,000 to be used to purchase new rental boats for hire during the summer. The boats may be purchased from two different
Sunny Tours has $400,000 to be used to purchase new rental boats for hire during the summer. The boats may be purchased from two different manufacturers that have supplied Sunny Tours with boats in the past. Pertinent data concerning the boats are summarized below: $70 $80 MAXIMUM EXPECTED CAPACITY DAILY BOAT MANUFACTURER COST (PASSENGERS) PROFIT Speedhawk SleekBrand $6,000 3 Silverbird SleekBrand $7,000 5 Catman RacerBrand $5,000 2 $50 Classy RacerBrand $9,000 6 $110 Sunny Tours would like to purchase at least 50 boats. To maintain goodwill, at least as many boats are to be bought from SleekBrand as RacerBrand. At the same time, Sunny Tours wishes to have a total capacity of at least 200 passengers. At least 20% of the boats made by Racer is Catman. At most 30% of SleekBrand boats purchased are Speedhawk. What is the optimal expected daily profit? Select one: O a. $ 3,500 O b. $ 2,700 O c. $3,750 d. $ 3,860 e. $ 2.950
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