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Problem 4-15 (Algorithmic)
Seastrand Oil Company produces two grades of gasoline: regularand high octane. Both gasolines are produced by blending two typesof crude oil. Although both types of crude oil contain the twoimportant ingredients required to produce both gasolines, thepercentage of important ingredients in each type of crude oildiffers, as does the cost per gallon. The percentage of ingredientsA and B in each type of crude oil and the cost per gallon areshown.
Each gallon of regular gasoline must contain at least 60% ofingredient A, whereas each gallon of high octane can contain atmost 30% of ingredient B. Daily demand for regular and high-octanegasoline is 900000 and 700000 gallons, respectively. How manygallons of each type of crude oil should be used in the twogasolines to satisfy daily demand at a minimum cost? Round youranswers to the nearest whole number. Round the answers for cost tothe nearest dollar.
Problem 4-15 (Algorithmic) Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil 1 2 Cost $0.15 $0.20 Ingredient A 40% 70% Ingredient B 40% 10% Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. gallons of crude 1 used to produce regular = gallons of crude 1 used to produce high-octane= gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane= Cost = $