cost per pound ($) ingredient beginning ending quantity (pounds) per 100 pounds of product a 2.50 3.95 25 b 8.75 9.90 15 c 0.99 0.95 50

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05-12-2022
Mathematics

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cost per pound ($) ingredient beginning ending quantity (pounds) per 100 pounds of product a 2.50 3.95 25 b 8.75 9.90 15 c 0.99 0.95 50

Sagot :

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-12-08T00:42:25-05:00

The relative price of ingredient A is 158, ingredient B is 131.1 and ingredient C is 96.

In the given question we have to compute the price relatives for the three ingredients A, B and C.

Now finding the relative price using the formula.

Relative Price(RP) = Ending Cost(E)/Beginning Cost(B) *100

Now from the given table;

Ingredient Beginning(B) Ending(E) E/B E/B*100

A 2.50 3.95 1.58 158

B 8.75 9.90 1.131 131.1

C 0.99 0.95 0.96 96

Hence, the relative price of ingredient A is 158, ingredient B is 131.1 and ingredient C is 96.

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The right question is

A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.)

Cost per Pound ($)

Ingredient Beginning Ending Quantity (pounds) per 100

Pounds of Product

A 2.50 3.95 25

B 8.75 9.90 15

C 0.99 0.95 70

Compute the price relatives for the three ingredients.

Item Price Relative

A

B

C

Sagot :

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