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Sobeys Sells Fruit Trays Consisting of Pineapple and Melons

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Sobeys sells fruit trays consisting of pineapple and melons. The manager of the fruit department obtains pineapples at a wholesale price of $2.50 per kg, grapes at $2.15 per kg, strawberries at $1.50 per kg and melons at $1.85 per kg. He is required to produce 10 kg of the mixed fruit. He is required to add 2 kg of strawberries and 3 kg of grapes. What is the maximum weight of pineapple that he can put in the mix in order to have an effective wholesale cost no greater than $2.00 per kg?


Definitions:

Exchange Rates

The monetary value of one currency in relation to another.

Forward Trade

A financial contract agreement to buy or sell an asset at a future date at a predetermined price.

Currency Exchange

The process of converting one currency into another currency.

Spot Exchange Rate

The current price at which one currency can be exchanged for another for immediate delivery.

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