An Airline operates flight between 2 major cities and has two classes of tickets, Economy and Business.
- Each Economy seat costs Rs. 5,000 and has 150 available seats.
- Each Business costs Rs. 12,000 and has 50 available seats.
- Total passenger capacity is 180.
- Airline must cover at least Rs. 10,00,000 in operation cost.
What is the maximum profit earned by the airline.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 9.9 Lakhs
$Z_{max}=Z(166,14)$
$=5,000×166+12,000×14$
$=9,98,000$