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ggarr
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Company C sells a line of 14 products with an average retail 21 Oct 2006, 17:45
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Company C sells a line of 14 products with an average retail price of $1200.00. If none of these products sell for less than $420.00, and exactly 10 of the products sell for less than $1000.00, what is the greatest possible selling price of the most expensive product?



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Company C sells a line of 14 products with an average retail 21 Oct 2006, 18:59
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9600

14*1200 = 16800

10*420+3*1000+x = 16800, x=9600
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Company C sells a line of 14 products with an average retail 22 Oct 2006, 09:51
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I think something is wrong with the question ......plz revise..thanks
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Company C sells a line of 14 products with an average retail 23 Oct 2006, 02:12
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Sorry, 25 products instead of 14.

Company C sells a line of 25 products with an average retail price of $1200.00. If none of these products sell for less than $420.00, and exactly 10 of the products sell for less than $1000.00, what is the greatest possible selling price of the most expensive product?
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Company C sells a line of 14 products with an average retail 23 Oct 2006, 02:12
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Company C sells a line of 14 products with an average retail price of $1200.00. If none of these products sell for less than $420.00, and exactly 10 of the products sell for less than $1000.00, what is the greatest possible selling price of the most expensive product?

Also getting $9,600

Total sales is 14*$1,200 = $16,800

10 of these products sell for at least $420 but not greater than $1k.
So minimum amount these 10 products will sell for is $420 each

The other 4 sold for at least $1000 each.

To get price of most expensive, you try to use the cheapest price for the 13 other products

$420*10 = $4,200
$1k*3 = $3,000

And the grand finale: $16,800 - $4,200 - $3,000 = $9,600

Hope this helps :)



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