You decide to start a new business called River Explorers, which will rent canoe

Question

You decide to start a new business called River Explorers, which will rent canoes and kayaks to people to travel along the Chicago River. You pay $45,000 to purchase new boats. Each canoe costs you $600 and each Kayak $750. You storage facility holds up to 65 boats. You decide to rent the canoes for $25 a day and the kayaks for $30 a day. How many canoes and kayaks should you buy to earn the most revenue if all boats can be rented each day? ***Hint: the objective function helps you identify the variables! Also, please graph this function.

Explanation / Answer

lets us consider that canoes and kayaks are x and y

and the total number of boats placed at the stand is 65 then x+y =65--------------------(1)

and the cost of the caneos is $600

and the cost of kayaks is 750 and the total amoun is $45000

then 600x+750y=$45000--------------------(2)

sloving the both the equations we get the x is 25 and y is 40

and we get the most revene by the kayaks then we take the most the kayaks

and here we consider that for $600 dollors investment we get a $25 income nd $750 investment we get a $30 income then here equation is like this 5 canons income is $125 and 4 kayoks income is $120 thenn with same investment

then most income is get by canons only

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