Question

Calixto has a concession at the New York Baseball Stadium for the sale of glasses and...

Calixto has a concession at the New York Baseball Stadium for the sale of glasses and umbrellas. He has observed that he can sell about 500 umbrellas when it rains and 100 when there is good weather but in the latter case he can sell 1000 glasses. The umbrellas cost US $ 0.50 and sell them for US $ 1.00, the glasses cost US $ 0.20 and sell them for US $ 0.50. This seller wants to invest $ 250 in the business. Assuming that everything that is not sold is completely lost, how should you make the purchase, to maximize the minimum profit you expect?

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