Question

Let’s think about another type of scenario. What if you were told that a bracelet requires 10 beads and 10 minutes to make while a necklace requires 20 beads and takes 40 minutes to make. The craftsman has 1000 beads to work with and he has 1600 minutes in which to work. If a bracelet costs $5 and a necklace costs $7.50, what is the maximum revenue that the craftsman can take in?

Answer 1

$425

Explanation:

Let x represent the number of bracelets made and let y represent the number of necklace made.

Since the craftsman has 1000 beads to work with, hence:

10x + 20y ≤ 1000 (1)

Also, the craftsman has 1600 minutes, hence:

10x + 40y ≤ 1600 (2)

From ploting equations 1 and 2 on the geogebra online graphing, we can see that the solution to the problem is (40, 30).

Since the bracelet costs $5 and a necklace costs $7.50, hence the maximum revenue is:

Revenue = 5x + 7.5y = 5(40) + 7.5(30) = $425