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Determine how to maximize hilands profit using solver

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Reference no: EM13781462

Hiland’s TV-Radio Store must determine how many TVs and radios (in whole numbers) to keep in stock. A TV requires 10 square feet of floor space, whereas a radio requires 4 square feet; 5000 square feet of floor space is available. A TV sale results in an $80 profit, and a radio earns a profit of $20. The store stocks only TVs and radios. Marketing requirements dictate that at least 60% of all appliances in stock be radios. Finally, a TV ties up $200 in capital, and a radio ties up $50. Hiland wants to have at most $60,000 worth of capital tied up at any time. Determine how to maximize Hiland’s profit using Solver.

Reference no: EM13781462

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