To maintain the required quality for each grade of gasoline, it is necessary to specify certain maximum or minimum percentages of the constituents in each blend. These are shown in the following table, along with the selling price for each grade.
Assume that all other cash flows are fixed so that the "profit" to be maximized is total sales income minus the total cost of the constituents. Set up a linear programming model for determining the amount and blend of each grade of gasoline.
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