A Car Rental Agency Has a Budget of $1

question 109

Multiple Choice

A car rental agency has a budget of $1.8 million to purchase at most 100 new cars. The agency will purchase either compact cars at $15,000 each or luxury cars at $30,000 each. From past rental patterns, the agency decides to purchase at most 50 luxury cars and expects an annual profit of $8,000 per compact car and $13,500 per luxury car. How many of each type of car should be purchased in order to obtain the maximum profit while satisfying budgetary and other planning constraints? Find the maximum profit. Round your profit to the nearest dollar and another answers - to the nearest whole number. ​

• A)50 compact cars and 40 luxury cars for a maximum profit of $940,000
• B)​70 compact cars and 50 luxury cars for a maximum profit of $1,235,000
• C)​80 compact cars and 20 luxury cars for a maximum profit of $910,000
• D)​75 compact cars and 30 luxury cars for a maximum profit of $1,005,000
• E)60 compact cars and 45 luxury cars for a maximum profit of $1,087,500

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Definitions:

Magnifying Lens

An optical lens or device designed to enlarge the appearance of objects viewed through it.

Light Source

Any device or natural entity that emits light, used to illuminate environments or as part of visual presentations.

Visual Disorders

Conditions that impair the ability to see clearly, which can range from mild visual impairment to complete blindness.

Ophthalmologists

Medical doctors specialized in the diagnosis and treatment of eye diseases, including surgeries and prescribing glasses.