
Concept explainers
What should the price in cents for a pound of Oriental Peanut Mix be if the company wants to make a profit of 10 cent per pound?

Answer to Problem 60E
Explanation of Solution
Given information: SAT/ACT Practice: The Natural Snack Company mixes a pounds of peanuts that cost b cents per pound with c pounds of rice crackers that cost d cents per pound to make Oriental Peanut Mix.
Calculation:
Let us calculate the actual cost of the oriental peanut mix first (for a + c pounds)
Now let us calculate for one pound.
Company wants to make a profit of 10 cents per pound.
Thus,
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