
Al P. answered 11/23/16
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b1 = $2.4/lb
b2 = $2.6/lb
b3 = $2.0/lb
Since the problem says b1 & b2 will be in equal amounts, we can create a 50-50 blend 'x' and set its price to $2.5/lb ( = (b1+b2)/2)
If 'n' represents the number of pounds of blend 'x' and 'm' represents the number of pounds of b3:
2.5n + 2.0m = 21000 (1)
But also, the weights of the blend plus b3 must be 10000:
n + m = 10000 (2)
Solve:
2n + 2m = 20000 (2 x eq (2))
0.5n = 1000 ( eq(1) - 2x eq(2))
n = 2000
m = 8000
This means 1000 lbs of b1, 1000 lbs of b2, and 8000lbs of b3 should do it.
Check:
1000*2.4 + 1000*2.6 + 8000*2.0 = 21000 (ok)
and 1000+1000+8000 = 10000 (also ok)