Math Problem Statement

Mr. Ankit Bansal operates a roofing company in Jaipur and has been asked by the local government authority of Jaipur to repair the roofs of several of their properties damaged in a recent storm. The job must be completed during the next four weeks (twenty working days), and government authority of Jaipur has offered Rs.1,65,000 for the job. Mr. Bansal has estimated that the job requires seventy-five work days, but he can only use his regular three workers for the job because it is a very busy period for the industry as a whole. Fortunately, Mr. Bansal's son, Vinay. can take time off from his regular job (paying Rs. 1100 per day) to help complete the work. Mr. Bansal has estimated that, for his regular employees, the cost per work day is Rs.1500. This consists of a wage of Rs.1000 (which is only paid if the employee is working) and Rs. 500 in contributions to the government (which are paid annually regardless of how many days the employees work). How mnay workers should join and what is the opportunity cost

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Programming
Opportunity Cost

Formulas

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Theorems

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Suitable Grade Level

Higher Education