Math Problem Statement
Set up and solve an equation for the following business situation. Pitt's Pit Stop sold $15,700.50 worth of gasoline yesterday. Regular sold for $3.30 a gallon and premium sold for $3.45 a gallon. If the station sold 360 more gallons of regular than premium, answer the following questions. (a) How many gallons of each type of gasoline were sold? regular Incorrect: Your answer is incorrect. gal premium Incorrect: Your answer is incorrect. gal (b) If the profit on regular gas is $0.15 per gallon and on premium is $0.18 per gallon, what was the station's total profit (in dollars)? $
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
System of Equations
Formulas
Total sales equation: 3.30r + 3.45p = 15,700.50
Substitution equation: r = p + 360
Profit equation: Profit = 0.15r + 0.18p
Theorems
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Suitable Grade Level
Grades 9-12
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