A furniture trader deals in only two items - chairs and tables. He has Rs. 50,000 to invest and a space to store almost 35 items. A chair costs him Rs. 1000 and a table costs him Rs. 2000. The trader earns a profit of Rs. 150 and Rs. 250 on a chair and a table, respectively. Choose the correct option among following that describes the given linear programming problem (LPP) to maximize the profit ( where x and y are the number of chairs and tables that trader buys and sells)?
A furniture trader deals in only two items - chairs and tables. He has Rs. 50,000 to invest and a space to store almost 35 items. A chair costs him Rs. 1000 and a table costs him Rs. 2000. The trader earns a profit of Rs. 150 and Rs. 250 on a chair and a table, respectively. Choose the correct option among following that describes the given linear programming problem (LPP) to maximize the profit ( where x and y are the number of chairs and tables that trader buys and sells)?
Solution
Let = number of chairs and = number of tables.
The trader earns a profit of Rs. 150 per chair and Rs. 250 per table.
Total Profit:
The objective is to maximize this profit.
The trader can store at most 35 items:
The trader has Rs. 50,000 to invest. A chair costs Rs. 1000 and a table costs Rs. 2000:
Dividing by 1000:
The number of chairs and tables cannot be negative:
The complete Linear Programming Problem formulation:
Maximize
Subject to:
Checking the options:
Option 1: Contains , which is incorrect as the number of chairs cannot be negative.
Option 2: Contains all correct constraints: , , ,
Option 3: Contains (minimum requirement) instead of (maximum capacity), and has , which is incorrect.
Option 4: Contains and , which represent minimum requirements instead of maximum limits.
Therefore, the correct option is Option 2.
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