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Goal at Cheapest Cost

PR is on a diet to reach his goal fast and cheaply. He made a deal with his friend RP, a baker, to get brownies or cheesecake daily at a fixed price per unit. Brownies contain 30g chocolate, 20g cream cheese, 20g sugar and cost Rs. 5 each. Cheesecake contains 50g cream cheese, 40g sugar and costs Rs. 8. PR must consume at least 60g chocolate, 80g cream cheese and 100g sugar daily.

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91 views2 pages

Goal at Cheapest Cost

PR is on a diet to reach his goal fast and cheaply. He made a deal with his friend RP, a baker, to get brownies or cheesecake daily at a fixed price per unit. Brownies contain 30g chocolate, 20g cream cheese, 20g sugar and cost Rs. 5 each. Cheesecake contains 50g cream cheese, 40g sugar and costs Rs. 8. PR must consume at least 60g chocolate, 80g cream cheese and 100g sugar daily.

Uploaded by

Aviral
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Goal at cheapest cost

PR is going on a new diet to achieve his goal* fast in the cheapest possible way. He has to consume a
minimum quantity of Chocolate, Cream Cheese and Sugar every day. He has made a deal with his
baker friend RP who would fulfil his needs in two forms, brownie and cheese cake, at a fixed price
per unit.

All the details on the ingredients needed for each form, minimum requirements and cost of each
form are as shown below.

Product/Ingredient Chocolate (gm) Cream Cheese (gm) Sugar (gm) Cost (Rs)
Brownie 30 20 20 5
Cheese Cake 0 50 40 8
Min Requirements 60 80 100

How much should PR consume in each form every day and how much would it cost him?

*The author is not sure whether the goal is to achieve diabetes.


Service at Maximum Profit

Having obtained the deal with PR, RP wanted to make another deal with neighbourhood grocer AR
for continuous supply of the ingredients. RP gave him all the details and asked to fix the prices of
ingredients as he as fixed the prices of end products.

(Assume there are no other requirements and all prices are based on the stated ingredients)

How should AR price the ingredients so that he maximises his revenues and matches the
requirements of RP.

The data is reproduced again here.

Product/Ingredient Chocolate (gm) Cream Cheese (gm) Sugar (gm) Cost (Rs)
Brownie 30 20 20 5
Cheese Cake 0 50 40 8
Min Requirements 60 80 100

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