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does Joo gallons * Answer not have to be correct, points for working out and completion. As part of a gasoline reselling scam, you plan
does Joo gallons * Answer not have to be correct, points for working out and completion. As part of a gasoline reselling scam, you plan to buy of gasoline at $2 per gallon, mix some of it with water and resell the mixture for $2 per gallon. Suppose water is free, but for each percentage x of water in the mixture, the number of gallons of the mixture you could sell would be reduced by one tenth of the 500 gallons you originally purchase (because customers became aware that some of the gasoline is diluted). from the disuted Hint: The idea is that would make money you gasoline, and you would break even from the undiluted gasoline ( because you are selling it at the same price of $2 per gallon). you can simply focus your analysis on the profit you could make from an optimal percentage of water in the gasoline witture. your so d) How much profit P(2) would you make selling your mixture? e) what percentage of water would maximise your profit? t) How many gallons of mixture should you make? does Joo gallons * Answer not have to be correct, points for working out and completion. As part of a gasoline reselling scam, you plan to buy of gasoline at $2 per gallon, mix some of it with water and resell the mixture for $2 per gallon. Suppose water is free, but for each percentage x of water in the mixture, the number of gallons of the mixture you could sell would be reduced by one tenth of the 500 gallons you originally purchase (because customers became aware that some of the gasoline is diluted). from the disuted Hint: The idea is that would make money you gasoline, and you would break even from the undiluted gasoline ( because you are selling it at the same price of $2 per gallon). you can simply focus your analysis on the profit you could make from an optimal percentage of water in the gasoline witture. your so d) How much profit P(2) would you make selling your mixture? e) what percentage of water would maximise your profit? t) How many gallons of mixture should you make
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