Jackie S. answered 11/22/19
Math/statistics/biostatistics tutor ready to help
Let's let N be the number of pounds of $4.60/lb nuts needed.
We know that the total cost of the mixture will be $3.92/lb with 8lbs priced at $3.75. So we know that the total cost of the mixture will be:
8($3.75) + N($4.60)
We also know that the per pound price will be:
[ 8($3.75) + N($4.60) ] / (8 + N) = $3.92.
Now let's solve for N:
8($3.75) + N($4.60) = (8 + N)($3.92)
So $30.00 + N($4.60) = 8($3.92) + N($3.92)
Then $30.00 + N($4.60) = $31.36 + N($3.92)
So N($4.60 - $3.92) = $31.36 - $30.00
N($0.68) = $1.36
N = $1.36 / $0.68 = 2
So 2lbs of nuts priced at $4.60/lb are needed.