Question

A guitar manufacturer has three plants in Atlas, Belmont, and Copper City. Three models of guitars are produced, with daily production given in the following matrix:

In February, the cost of materials increased resulting in less profit per guitar. The profit per guitar is shown in the following matrix for January and February:

Assuming all guitars produced were sold, what was the total daily profit from all three plants in February?

Answer 1

Answer: To find the total daily profit for all three plants in February, we must first find the total number of guitars produced each day and then multiply that number by the profit per guitar.

The total number of guitars produced each day in February is:

(100 + 200 + 150) + (200 + 250 + 300) + (150 + 250 + 200) = 800 + 750 + 600 = 2,150

To find the total profit, we need to multiply this number by the profit per guitar in February, which is $8.

Total profit = 2,150 * $8 = $17,200

So the total daily profit from all three plants in February is $17,200

Please note that this answer is assuming that all the guitars produced in February are sold, and no other costs are incurred like storage, shipping, etc.

Step-by-step explanation: Hope this helps, not sure if it does though