Answer:
9.4 pound of raisin and 10.6 pound of peanut is required to make 20 pound of product
Explanation:
The cost of raisins is $2.5 per pound and the cost of peanut per pound is $3.50.
Let r represent the number of raisin pound and p represent the number of peanut pound. Since 20 pounds of a new product that consists of peanuts and raisins need to be produced, it can be represented by the equation:
p + r = 20 (1)
The new product would cost $3.03, therefore:
3.5p + 2.5r = 3.03(20)
3.5p + 2.5r = 60.6 (2)
We have to solve equation (1) and (2) simultaneously. First multiply (1) by 2.5 to get 2.5p + 2.5r = 50. Subtract 2.5p + 2.5r = 50 from equation (2):
p = 10.6 pound
Put p = 10.6 in equation (1)
10.6 + r = 20
r = 20 - 10.6 = 9.4
r = 9.4 pound
9.4 pound of raisin and 10.6 pound of peanut is required to make 20 pound of product