Results 1 to 3 of 3

Math Help - Lowest Cost for Multiple Pricing Plans, Quantity, and Total Minutes

  1. #1
    Newbie
    Joined
    Jul 2010
    From
    Houston
    Posts
    2

    Lowest Cost for Multiple Pricing Plans, Quantity, and Total Minutes

    Ok, I'm embarrased that I even have to ask this question, but here it goes.

    I would like to calculate the lowest overall price for Cellular minute pricing plans.

    Plan A: 400 Minutes @ $49.99
    Plan B: 1000 Minutes @ $74.99
    Plan C: 2000 Minutes @ $99.99

    I want a formula that will solve the below problem, and numerous others with the same format:

    I want the best combination of plans to get the lowest cost per minute for a given number of phone lines and minutes.

    EX: If I need 52 (X) lines of service and need a total pool of 31200 (y) minutes, what formula will give me the lowest average price per minute, or the lowest overall cost using the best combination of the three available pricing plans?


    Thanks!
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Newbie
    Joined
    Jul 2010
    From
    Houston
    Posts
    2

    Additional information

    The number of minutes in the pool is a minimum, can go over slightly if needed to make the right combination of plans.
    Follow Math Help Forum on Facebook and Google+

  3. #3
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,165
    Thanks
    71
    Quote Originally Posted by djroy View Post
    The number of minutes in the pool is a minimum, can go over slightly if needed to make the right combination of plans.
    32000 (16 @99.99) is the obvious answer with the given info.
    52 lines will average 600 each : so what?
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. lowest common multiple
    Posted in the Algebra Forum
    Replies: 7
    Last Post: June 27th 2010, 09:23 AM
  2. Process cost systems,total cost under the FIFO Method.
    Posted in the Business Math Forum
    Replies: 0
    Last Post: December 5th 2009, 12:13 AM
  3. lowest common multiple
    Posted in the Algebra Forum
    Replies: 1
    Last Post: June 24th 2009, 01:31 AM
  4. Lowest-cost cycle passing all edges at least once
    Posted in the Discrete Math Forum
    Replies: 2
    Last Post: May 13th 2009, 04:34 PM
  5. At what quantity is the total revenue maximised?
    Posted in the Business Math Forum
    Replies: 9
    Last Post: January 1st 2008, 01:10 PM

Search Tags


/mathhelpforum @mathhelpforum