SOLUTION: Not sure what section this falls under but I think this one is accurate? Please Help, it would be so appreciated you have no idea!! Ryan plans to start a new business, which he wi

Question 1149210: Not sure what section this falls under but I think this one is accurate? Please Help, it would be so appreciated you have no idea!!
Ryan plans to start a new business, which he will rent canoes and kayaks to people to travel down the river. He has $52,000 to purchase new boats. He can buy the canoes for $425 each and the kayaks for $700 each. His facility can hold up to 80 boats. The canoes will rent for $20/day and the will rent for $40/day. How many canoes and how many kayaks should he buy in order to maximize the revenue?
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!

The kayaks rent for twice as much as the canoes; he wants as many kayaks as possible.

The maximum number of boats his facility can accommodate is 80.

The maximum number of kayaks he can buy for $52,000 at $700 each is 52,000/700 = 74 (and a fraction, which we ignore).

ANSWER: He should buy 74 kayaks, then 6 canoes to fill his facility to its capacity of 80.

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