The Local Convenience Store Sells Soft Drinks

question 160

True/False

The local convenience store sells soft drinks. It sells two large drinks for every small drink. A large drink sells for $1.50, with a variable cost of $0.60. A small drink sells for $1.00, with a variable cost of $0.50. The weighted average contribution margin is $0.70.

---

Definitions:

Solve

The process of finding the value of variables that make a mathematical statement true.

Solution

The value or set of values that satisfy an equation, inequality, or system of equations.

Equation

A mathematical statement that asserts the equality of two expressions, symbolized by the use of an equals sign.

Solve

To find the solution to a problem or the answer to a question, especially in mathematics.