Business, 21.01.2021 22:40 em387p3s1zr

Produce Company needs to know the pounds of bananas to have on hand each day. Each pound of bananas costs $0.10 and can be sold for $0.30. Unsold bananas can be returned at the end of the day and receive full refund. The following demands were found after studying the last six months' sales: 300 pounds of bananas 25% of the time
400 pounds of bananas 40% of the time
500 pounds of bananas 35% of the time

Required:
Determine whether Produce Company should order 300, 400, or 500 pounds of bananas.

Answers: 3

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Produce Company needs to know the pounds of bananas to have on hand each day. Each pound of bananas...