Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A seed store mixes three different types of bird seed in their wild bird seed mix. The mix consists of 9 kg of seed priced

A seed store mixes three different types of bird seed in their wild bird seed mix. The mix consists of 9 kg of seed priced at $2.39/kg, 5 kg of seed priced at $1.98/kg, and 6 kg of seed priced at $3.19/kg. At what price should it sell the mix to realize the same revenue earned by selling the seed separately?

A. $2.66

B $6.33

C. $16.85

D. $2.53

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Planning & Analysis And Performance Management

Authors: Jack Alexander

1st Edition

1119491487, 9781119491484

More Books

Students also viewed these Finance questions