A retail company offers, through two different stores in a city, three models, A, B, and C, of
a particular brand of camping stove. The inventory of each model on hand in each store is
summarized in matrix M. Wholesale (W) and retail (R) prices of each model are
summarized in matrix M. Find the product MN and label its columns and rows
appropriately. What is the wholesale value of the inventory in Store 1?
A B C W R
M =2 0 1
3 3 0
Store 1
Store 2 N =
$60 $90
$120 $150
$40 $50
A
B
C
If $9,000 is to be invested, part at 13% and the rest at 8% simple interest, how much should
be invested at each rate so that the total annual return will be the same as $9,000 invested
at 9%? Set up a system of linear equations, letting x1 be the amount invested at 13% and x2
be the amount invested at 8%.
In producing three types of bricks: face bricks, common bricks, and refractory bricks, a
factory incurs labor, material, and utility costs. To produce one pallet of face bricks, the
labor, material, and utility costs are $50, $75, and $35, respectively. To produce one pallet
of common bricks, the labor, material, and utility costs are $50, $60, and $30, respectively,
while the corresponding costs for refractory bricks are $75, $100, and $45. In a certain
month the company has allocated $12,000 for labor costs, $14,500 for material costs and
$6,000 for utility costs. How many pallets of each type of brick should be produced in that
month to exactly utilize these allocations? Set up a system of linear equations, letting x, y,
and z be the number of pallets of face, common, and refractory bricks, respectively, that
must be produced in that month.