Develop a linear program


Problem:

You have decided to enter the candy business. You are considering producing two types of candies: Slugger candy and Easy Out candy, both of which consist solely of sugar, nuts, and chocolate. At present you have in stock 10,000 ounces of sugar, 2,000 ounces of nuts, and 3,000 ounces of chocolate. The mixture used to make Easy out candy must contain at least 20% nuts. The mixture used to make Slugger candy must contain at least 10% nuts and 10% chocolate. Each ounce of Easy Out candy can be sold for $0.50 and each ounce of Slugger candy for $0.40.

Required:

Question: Develop a linear program to determine how you can maximize your revenue from candy sales.

Note: Be sure to show how you arrived at your answer.

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Finance Basics: Develop a linear program
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