1. A petroleum refiner sells two products, gasoline and fuel oil. Net profit from gasoline is Rs. 160 per barrel and from the fuel oil Rs. 8 per barrel. There are two constraints. Storage tank capacity is limited to 5000 gallons for gasoline and 12000 gallons for fuel oil. The refining plant has a maximum capacity and each gallon of fuel oil 2 units. Determine graphically the most profitable product mix and estimate profit. Take 1 barrel = 31.5 gallons. [Ans. Max. P = Rs. 40320000, gasoline = 5000 gallons, fuel oil = 6000 gallons.]

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
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1. A petroleum refiner sells two products, gasoline and fuel oil. Net profit from
gasoline is Rs. 160 per barrel and from the fuel oil Rs. 8 per barrel. There are two
constraints. Storage tank capacity is limited to 5000 gallons for gasoline and 12000
gallons for fuel oil. The refining plant has a maximum capacity and each gallon of
fuel oil 2 units. Determine graphically the most profitable product mix and estimate
profit. Take 1 barrel = 31.5 gallons. [Ans. Max. P = Rs. 40320000, gasoline = 5000
gallons, fuel oil = 6000 gallons.]
Transcribed Image Text:1. A petroleum refiner sells two products, gasoline and fuel oil. Net profit from gasoline is Rs. 160 per barrel and from the fuel oil Rs. 8 per barrel. There are two constraints. Storage tank capacity is limited to 5000 gallons for gasoline and 12000 gallons for fuel oil. The refining plant has a maximum capacity and each gallon of fuel oil 2 units. Determine graphically the most profitable product mix and estimate profit. Take 1 barrel = 31.5 gallons. [Ans. Max. P = Rs. 40320000, gasoline = 5000 gallons, fuel oil = 6000 gallons.]
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