Find the maximum profit, Find the maximum profit.

Find the maximum profit

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Reference no: EM131066796

A car rental agency has a budgetof $1.8 million to purchase at most 100 new cars. Theagency will purchase either compact cars at $15,000each or luxury cars at $30,000 each. From past rentalpatterns, the agency decides to purchase at most 50 luxurycars and expects an annual profit of $7500 per compactcar and $11,000 per luxury car. How many of eachtype of car should be purchased in order to obtain themaximum profit while satisfying budgetary and otherplanning constraints? Find the maximum profit.

Reference no: EM131066796

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