A steel mill wants to make a new batch of steel that has at

A steel mill wants to make a new batch of steel that has at most 0.23% carbon. The following two steels are available as scrap. What is the minimum cost per of scrap per ton needed to make the new steel. Express your answer in $/ton to the nearest whole $.

Solution

The minimum cost per of scrap per ton needed to make the new steel = 0.17 * 500 + 0.31 * 400

The minimum cost per of scrap per ton needed to make the new steel = 85 + 124

The minimum cost per of scrap per ton needed to make the new steel = $ 209

Conclusion:- The minimum cost per of scrap per ton needed to make the new steel = $ 209