This is a problem of linear programming.
Let the manufacturer makes x pairs of running shoes and y pairs of basketball shoes per day.
So objective function is
Maximize Z = 1700x + 2000y
Subject to the conditions
3x + 3y ≤ 8*60 i.e x + y ≤ 160
2x + 4y ≤ 8*60 i.e x + 2y ≤ 240
x ≥ 0, y ≥ 0
Drawing the graph of constraints we get
Quadrilateral OABC is the feasible solution region of the problem.
Let us apply corner method to find optimal solution.
Corner points Value of Z
O ( 0, 0). 0
A( 160,0) 1700*160
B( 80,80) 1700*80+2000*80
C(0, 120) 2000*120
Rewriting the table we get
Corner points. Value of Z
O ( 0, 0). 0
A( 160,0) 272000
B( 80,80) 296000
C(0, 120) 240000
Maximum value of Z is P 296000 and it is attained when x = 80, y = 80
So the manufacturer will produce 80 pairs of running shoes and 80 pairs of basketball shoes to get a maximum profit of P 296000
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