Find two positive numbers \(x \space and\space y\) such that \(x+y=60\) and \(xy^{3}\) is maximum.
The two numbers are \(x \space and\space y\) such that\(x+y=60.\)
\(∴ y= 60-x\)
\(Let f(x) = xy^{3}.\)
\(f(x)= x(60-x)^{3}\)
\(f'(x)=(60-x)^{3}\)
\(f'(60-x)^{2}[60-x-3x]\)
\(=(60-x)^{2}(60-4x)\)
And,\(f''(x)=-2(60-x)-4(60-x)^{2}\)
\(=-2(60-x)[60-4x+2(60-x)]\)
\(=-2(60-x)(180-6x)\)
\(=-12(60-x)(30-x)\)
Now\(,f'(x)=0=x=60 \space or\space x=15\)
\(When \space x=60,f''(x)=0.\)
\(When\space x=15,f''(x)=-12(60-15)(30-15)=-12\times45\times15<0.\)
∴By second derivative test,\(x = 15\) is a point of local maxima of\( f.\)
Thus, function \(xy^{3}\) is maximum when \(x = 15\) and \(y = 60−15=45\). Hence, the required numbers are \(15 \space and \space45.\)
Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4 : 3. Their Balance Sheet as at 31st March, 2024 was as follows:
On 1st April, 2024, Diya was admitted in the firm for \( \frac{1}{7} \)th share in the profits on the following terms:
Prepare Revaluation Account and Partners' Capital Accounts.