Solver Examples

Nov 8, 2006

I am having problems with this excercise on my worksheet in my business computing class. I was wondering if someone could guide me through on how to use the solver feature.

Excercise:
Eve Blue is the manager of Southland Furniture store and she is planning a New Years Day sale. The store has only 75 square feet of space available to display and stock this merchandise. During the sale each folding table costs $5, retails for $11 and takes up two square feet of space. Each chair costs $4, retails for $9 and takes up one square foot of space. You must order at least one chair and one table and, of course, they must be whole units. The maximum amount allocated for purchasing the tables and chairs for the sale is $280. Eve cannot sell more than 40 chairs but the demand for tables is unlimited. Eve asked you to help her determine how many tables and chairs she should purchase in order to make the most profit.

Layout: (I marked in x's where I need to solve.)

TablesChairs
Unit Wholesale Cost $5.00 $4.00
Unit Retail Price $11.00 $9.00
Profit per Unit $6.00 $5.00
Square feet per Unit 2 1

Quantity to Order x x

Total Cost $- $-
Total Profit $- $-
Total Square Footage00

TOTAL ORDER COST $-
TOTAL ORDER PROFIT $-
TOTAL SPACE REQUIRED0

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