Minimise \( z = 5x - 2y \)
Subject to the constraints:\[ x + 2y \leq 120, \\ x + y \geq 60, \\ x - 2y \geq 0, \\ x \geq 0, \\ y \geq 0. \]
To solve this linear programming problem graphically, follow these steps:
Step 1: Plot the constraints.
\( x + 2y \leq 120 \): Rewrite as \( y \leq \frac{120 - x}{2} \). This is a line passing through \( (0, 60) \) and \( (120, 0) \).
\( x + y \geq 60 \): Rewrite as \( y \geq 60 - x \). This is a line passing through \( (0, 60) \) and \( (60, 0) \).
\( x - 2y \geq 0 \): Rewrite as \( y \leq \frac{x}{2} \). This is a line passing through \( (0, 0) \) and \( (120, 60) \).
\( x \geq 0, y \geq 0 \): These are the \( x \)- and \( y \)-axes, restricting the feasible region to the first quadrant.
Step 2: Identify the feasible region.
The feasible region is the area that satisfies all the constraints. Plot the lines and shade the overlapping region that satisfies the inequalities.
Step 3: Determine the corner points of the feasible region.
The corner points are the intersections of the constraint lines:
\[ \text{Solve } x + 2y = 120 \text{ and } x + y = 60. \]
\[ y = 60, \quad x = 0 \Rightarrow (0, 60). \]
\[ \text{Solve } x + y = 60 \text{ and } x - 2y = 0. \]
\[ 2y + y = 60 \Rightarrow y = 20, \quad x = 40 \Rightarrow (40, 20). \]
\[ \text{Solve } x - 2y = 0 \text{ and } x + 2y = 120. \]
\[ 2y + 2y = 120 \Rightarrow y = 30, \quad x = 60 \Rightarrow (60, 30). \]
Step 4: Evaluate the objective function at each corner point.
\[ \text{At } (0, 60): \quad z = 5(0) - 2(60) = -120. \]
\[ \text{At } (40, 20): \quad z = 5(40) - 2(20) = 200 - 40 = 160. \]
\[ \text{At } (60, 30): \quad z = 5(60) - 2(30) = 300 - 60 = 240. \]
Step 5: Conclusion.
The minimum value of \( z = 5x - 2y \) occurs at \( (0, 60) \) with \( z = -120 \).
Final Answer:
\[ \boxed{z_{\text{min}} = -120 \text{ at } (0, 60)} \]
A manufacturer makes two types of toys A and B. Three machines are needed for production with the following time constraints (in minutes): \[ \begin{array}{|c|c|c|} \hline \text{Machine} & \text{Toy A} & \text{Toy B} \\ \hline M1 & 12 & 6 \\ M2 & 18 & 0 \\ M3 & 6 & 9 \\ \hline \end{array} \] Each machine is available for 6 hours = 360 minutes. Profit on A = Rupee 20, on B = Rupee 30.
Formulate and solve the LPP graphically.
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |