INTRODUCTION - Oregon State University
The actual prices were $0.30 more per pound of Wheat Chex, $0.20 less per pound of Rice Chex, and $0.50 more per pound of Corn Chex, than their standard prices. Required: A) Determine the standard price per pound of each ingredient. Wheat Chex: $20 = SP x (AQ – SQ) = SP x (53.33 – 50) → SP = $6 ................
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