14 Pounds of Mixed Nuts Sells for $6

question 35

Multiple Choice

14 pounds of mixed nuts sells for $6.21 per pound. The mixture is obtained from two kinds of nuts, peanuts priced at $5.5 per pound and cashews at $6.5 per pound. How many pounds of each variety of nut are used in the mixture?

• A)10 pounds of peanuts and 4 pounds of cashews are used in the mixture.
• B)6 pounds of peanuts and 4 pounds of cashews are used in the mixture
• C)4 pounds of peanuts and 6 pounds of cashews are used in the mixture.
• D)4 pounds of peanuts and 11 pounds of cashews are used in the mixture.
• E)4 pounds of peanuts and 10 pounds of cashews are used in the mixture.

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Definitions:

Ratio Comparisons

A method of financial analysis that involves comparing different financial ratios to assess a company's performance, financial health, or valuation.

Meaningful

Significantly important or valuable, often in a way that is personal or impactful to an individual or community.

Mark To Market

An accounting method that assesses the value of assets based on their current market prices.

Valuation

The process of determining the current worth of an asset or a company.