Question
A company produces two types of leather belts, say type A and B. Belt A is a superior quality and belt B is of a lower quality. Profits on each type of belt are Rs 2 and Rs 1.50 per belt, respectively. Each belt of type A requires twice as much time as required by a belt of type B. If all belts were of type B, the company could produce 1000 belts per day. But the supply of leather is sufficient only for 800 belts per day (both A and B combined). Belt A requires a fancy buckle and only 400 fancy buckles are available for this per day. For belt of type B, only 700 buckles are available per day.
How should the company manufacture the two types of belts in order to have a maximum overall profit?