Answered! A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and…

A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Deilite to put up. The deluxe mix has 2/3 pound raisins and 1/3 pound peanuts per bag; and the standard mix has 1/2 pound raisins and 1/2 pound peanuts per bag. The shop has 90 pounds of raisins and 60 pounds of peanuts to work with. Peanuts cost $0.60 per pound and raisins cost $1.50 per pound. The deluxe mix sells for $2.90 per pound and the standard mix sells for $2.55 per pound The owner estimated that no more than 110 bags of one type can be sold.

Must be solved using the solver in excel, I can’t figure out how to input the no more 110 bags of one type.

Expert Answer

 Please see the solution below:

Raisins Peanuts Price Number of bags Limit
Deluxe Bag 0.666667 0.333333 $       2.90 90 <= 110
Standard 0.50 0.50 $       2.55 60 <= 110
Total 90 60
Cost $       1.50 $       0.60
Used 90 60
<= <=
Available 90 60
Revenue 414
Cost 171
Profit 243
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