Question

A furniture company makes one style of tables and chairs. The chart on the left above gives the prices of these tables and chairs in three different years. The chart on the right gives the maximum number of tables and chairs that can be stocked in each of three ware-houses, $X,Y$, and $Z$. Based on the prices shown, what was the maximum possible value of the table and chair inventory in warehouse $Y$ in 1995 ?

• A. $\$23,950$
• B. $\$26,500$
• C. $\$27,200$
• D. $\$28,400$
• E. $\$29,500$

Answer 1

The correct option is C $\$27,200$

In $1995$,

Price of each table $=$ 265$

Price of each chair $=$ 30$

In warehouse ${}^{\prime }{Y}^{\prime }$,

Maximum Number of tables that can be stocked $=$ $80$

Maximum Number of chairs that can be stocked $=$ $200$

Price of $80$ tables $=$ $80$ $\times$ Price of each table

$=$ $80$ $\times$ 265$

$=$ 21,200$

Price of $200$ chairs $=$ $200$ $\times$ Price of each chair

$=$ $200$ $\times$ 30$

$=$ 6,000$

Maximum possible value of the table and chair inventory in ${}^{\prime }{Y}^{\prime }$ in $1995$ $=$ Price of $80$ tables $+$ Price of $200$ chairs

$=$ 21,200+ $6,000$

$=$ 27,200$

Therefore, Maximum possible value of the table and chair inventory in ${}^{\prime }{Y}^{\prime }$ in $1995$ is ${}^{\prime }27,{200}^{\prime }$.