Tom Is a Habitual Shopper at Garage Sales

question 12

Essay

Tom is a habitual shopper at garage sales.Last Saturday he stopped at one where there were several types of used building materials for sale.At the low prices being asked,Tom knew that he could resell the items in another town for a substantial gain.Four things stood in his way: he could only make one round trip to resell the goods;his pickup truck bed would hold only 1000 pounds;the pickup truck bed could hold at most 70 cubic feet of merchandise;and he had only $200 cash with him.He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them.
Formulate this problem as a linear program.

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Definitions:

Journal Entries

The record of financial transactions in an accounting system, used to transfer information to the ledger, showing detailed information regarding date, accounts affected, and amounts.

Posted Correctly

The action of accurately recording transactions in the appropriate accounts in an accounting system.

Ledger

A book or digital record in which a company maintains its accounts, tracking all financial transactions systematically.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing key information on its financial health.