A cocktail nut mix should have the following minimum requirements in a can of 1 pound being sold at $3.99 a can at retail stores. The following information is given: Nut Type Minimum Amt Maximum Amt Cost per pound Almond 10% 100% $2.75 Peanut 0% 50% $0.55 Walnut 20% 100% $1.70 Cashew 0% 40% $1.20 The can costs $0.10. Find the proportion of these nuts by weight to maximize the profit of the nut manufacturer. Use those proportions to select the answer closest to the profit that can be made per can if it is sold to the retail store at $3.00 a can. Group of answer choices $1.65 $1.35 $2.76 $1.77

Question

01-02-2021
Mathematics

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A cocktail nut mix should have the following minimum requirements in a can of 1 pound being sold at $3.99 a can at retail stores. The following information is given: Nut Type Minimum Amt Maximum Amt Cost per pound Almond 10% 100% $2.75 Peanut 0% 50% $0.55 Walnut 20% 100% $1.70 Cashew 0% 40% $1.20 The can costs $0.10. Find the proportion of these nuts by weight to maximize the profit of the nut manufacturer. Use those proportions to select the answer closest to the profit that can be made per can if it is sold to the retail store at $3.00 a can. Group of answer choices $1.65 $1.35 $2.76 $1.77

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