Corban S. answered 11/21/14
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Realize that price per pound of coffee means the amount of money needed for one pound of that coffee. This can be written mathematically as:
[Price Per Pound] = [Total Price for Coffee] ÷ [Total Weight of Coffee] (Equation 1)
So this problem basically wants you to to use two coffees of known price per pound to create a coffee mixture whose average price per pound is $2.96. In equation form this can be written as:
[Average Price Per Pound of Mixture] = $2.96 (Equation 2)
What we need to do is express the [Average Price Per Pound of Mixture] in terms of:
- the weight of Coffee 1 (unknown)
- the price per pound of Coffee 1 ($3.20)
- the weight of Coffee 2 (18 pounds)
- the price per pound of Coffee 2 ($2.80)
These are quantities that we know or are looking for.
Using Equation 1 we can first write that:
[Average Price Per Pound of Mixture] = [Total Price for Coffee Mixture] ÷ [Total Weight of Coffee Mixture] (Equation 3)
However the [Total Price for Coffee Mixture] is equivalent to the sum of the total prices of each coffee alone:
[Total Price for Coffee Mixture] = [Total Price for Coffee 1] + [Total Price for Coffee 1] (Equation 4)
From Equation 1, by multiplying by [Total weight of Coffee] on both sides it can be shown that:
[Total Price of Coffee] = [Price Per Pound of Coffee] × [Total Weight of Coffee] (Equation 5)
Using Equation 5, we can rewrite Equation 4 in terms of the quantities that we know or are looking for.
[Total Price for Coffee Mixture] = ( [Price Per Pound of Coffee 1] × [Total Weight of Coffee 1] ) + ( [Price Per Pound of Coffee 2] × [Total Weight of Coffee 2] ) (Equation 6)
Additionally, the [Total Weight of Coffee Mixture] is equivalent to the sum of the weights of each coffee alone:
[Total Weight of Coffee Mixture] = [Total Weight of Coffee 1] + [Total Weight of Coffee 2] (Equation 7)
From here on, for simplicity's sake the quantities will be represented as variables:
- [Price Per Pound of Coffee 1] ⇒ R1
- [Price Per Pound of Coffee 2] ⇒ R2
- [Total Weight of Coffee 1] ⇒ W1
- [Total Weight of Coffee 2] ⇒ W2
- [Total Price of Coffee 1] ⇒ P1
- [Total Price of Coffee 2] ⇒ P2
- [Average Price per Pound of Coffee Mixture] ⇒ Rmix
By substituting Equation 6 and Equation 7 into Equation 3, it can be stated that:
(R1 × W1) + (R2 × W2)
Rmix = ---------------------------- (Equation 8)
(W1 + W2)
Rmix = ---------------------------- (Equation 8)
(W1 + W2)
All quantities accept for W1 are known, thus we can begin to rearange the equation to solve for W1. First by substituting in all known values:
($3.20 × W1) + ($2.80 × 18) ($3.20 × W1) + ($50.40)
$2.96 = ---------------------------------------- = ---------------------------------- (Equation 9)
(W1 + 18) (W1 + 18)
$2.96 = ---------------------------------------- = ---------------------------------- (Equation 9)
(W1 + 18) (W1 + 18)
Then by multiplying by (W1 + 18) on both sides:
$2.96 × (W1 +18) = ($3.20 × W1) + $50.40
Grouping like terms:
$53.28 – $50.40 = ($3.20 × W1) – ($2.96 × W1)
$2.88 = $0.24 × W1 (Equation 11)
And finally dividing by $0.24 on both sides:
$2.88 / $0.24 = W1
W1 = $2.88 / $0.24 = 12
Meaning that 12 pounds of the coffee costing $3.20 must be added to 18 pounds of coffee costing $2.80 to produce a mixture with a unit price of $2.96 per pound.