A company manufactures two types of novelty souvenirs made of plywood. Souvenirs of type A require 5 minutes each for cutting and 10 minutes each for assembling. Souvenirs of type B require 8 minutes each for cutting and 8 minutes each for assembling. There are 3 hours and 20 minutes available for cutting and 4 hours available for assembling. The profit is ₹ 50 each for type $A$ and ₹ 60 each for type B souvenirs. How many souvenirs of each type should the company manufacture in order to maximize profit? Formulate the above LPP and solve it graphically and also find the maximum profit.