Answer:
Total selling price= $663.82
Selling price per liter= $1.69
Step-by-step explanation:
Giving the following information:
Proportion of oil and gasoline:
Oil= 3/14= 0.21
Gasoline= 11/14= 0.79
The oil costs $0.75 per liter.
The gasoline costs $1.60 per liter.
<u>First, we need to calculate the number of liters of oil and gasoline required:</u>
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Oil= 0.21*392= 82.32 liters
Gasoline= 0.79*392= 309.68
<u>Now, the total cost to produce 392 liters:</u>
Total cost= 82.32*0.75 + 309.68*1.6
Total cost= $577.23
<u>Finally, the total and unitary selling price:</u>
Total selling price= 577.23*1.15= $663.82
Selling price per liter= 663.82 / 392= $1.69
