Indeed a min of 75000 and a max of 280000 in inventory how much is 75% of the min max

Question

i have to keep a minimum of 75,000 widgets and a maximum of 280,000

widgets in inventory. I want to keep 75% of the minimum and maximum in inventory. How much is that? How do you do the math on this

Answer 1

I believe this question is asking you to decide how many widgets constitute 75% of the range between the minimum & maximum number kept on hand.

 

1. Subtract the minimum from the maximum: 280,000 - 75,000 = 205,000 widgets (this is the range of possible numbers of widgets on hand - from the minimum to the maximum)

 

2. Multiply the range by 75%: 205,000 X 0.75 = 153,750 widgets (this represents 75% of the range from the minimum to the maximum)

 

3. Add 153,750 to the minimum number: 75,000 + 153,750 = 228,750 widgets

 

228,750 is the number of widgets you will keep on hand, given the conditions you stated. This number is 75% of the maximum on hand inventory, given that you will always have at least 75,000. In a sense, think of 75,000 as the starting point & increase your quantity to 75% of the "distance" to 280,000.