A company sells two types of gift baskets: Standard and Premium. The sales at the company's North and South branches are represented by matrix :
where the rows represent the North and South branches, respectively, and the columns represent the number of Standard and Premium baskets sold, respectively. The cost of the items inside each basket is represented by matrix :
where the rows represent Standard and Premium baskets, respectively, and the columns represent the cost of food items and the cost of gift items (in dollars), respectively. If the total food item cost at the North branch is and the total gift item cost at the South branch is , what is the value of ?
Answer: 70
Answer
The value of is 70.
To find the total costs, the sales matrix is multiplied by the unit cost matrix . The product matrix is a matrix where the entry in Row 1, Column 1 represents the total food cost at the North branch, and the entry in Row 2, Column 2 represents the total gift cost at the South branch. Setting up the equations and yields and , which sum to 70.
Step-by-Step Solution
Key Concept
Matrix multiplication and translating real-world scenarios into matrix equations.
Estimated Time:3m 0s