Chapter 4, Section 4.3, Question 041 You run a small furniture business. You sig

Question

Chapter 4, Section 4.3, Question 041 You run a small furniture business. You sign a deal with a customer to deliver up to 300 chairs, the exact number to be determined by the customer later. The price will be $80 per chair up to 200 chairs, and above 200, the price will be reduced by S0.25 per chair (on the whole order) for every additional chair over 200 ordered What is the largest revenue your company can make under this deal? R $ What is the smallest revenue your company can make under this deal? R-S

Explanation / Answer

PARTICULARS Largest Revenue 300 Chairs Smallest Revenue 200 Chairs Revenue upto 200 Chairs $                     16,000.00 $                        16,000.00 (200 X $ 80) (200 X $ 80) Revenue from addittional 100 chairs $                        7,975.00 0 (100 X $ 79.75) Total Revenue $                     23,975.00 $                        16,000.00 Answer = Largest Revenue = $                           23,975 Answer = Smallest Revenue = $                           16,000

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