Question

16. A bakery sells cakes at Rs. 10 a dozen. The cakes can be prepared 1
at the cost of Rs. 6 per dozen and the administrative cost is Re. I
per dozen. The unsold cakes can be sold at Rs. 3 per dozen at the
end of the week. The probability distribution of the demand of
cakes is as follow. How many dozens of cakes should be prepared
to earn maximum profit?
Demand in dozens 1
2
3
4
Probability
0.15 0.20 0.50 0.15​

Answer 1

Explanation:

Let CP be x<br> total cp

<br> marked price=

<br> here,

<br>

<br>

<br> total sp=

<br>

<br>

<br> total sp

<br> total cp=

<br> profit=

<br>

<br> %age prfit=

Answer 2

Answer:

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Explanation: