Question

a fuel mixture consists of 3 parts oil and 11 parts gasoline. the oil costs $0.75 per liter, and the gasoline costs $1.60 per liter. a mechanic makes 392 liters of the mixture. how much should he charge for 15% profit

Answer 1

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.

First, we need to calculate the number of liters of oil and gasoline required:

Oil= 0.21*392= 82.32 liters

Gasoline= 0.79*392= 309.68

Now, the total cost to produce 392 liters:

Total cost= 82.32*0.75 + 309.68*1.6

Total cost= $577.23

Finally, the total and unitary selling price:

Total selling price= 577.23*1.15= $663.82

Selling price per liter= 663.82 / 392= $1.69