Step 1: Understanding the Concept:
This is a weighted average problem, also known as a mixture problem. We need to find the quantity of one component given the prices of the components, the total quantity, and the price of the mixture.
Step 2: Key Formula or Approach:
Let \(A\) be the number of pounds of Type A candy and \(B\) be the number of pounds of Type B candy. We can set up a system of two equations: one for the total weight and one for the total cost.
1) \(A + B = \text{Total Weight}\)
2) \((\text{Price of A}) \times A + (\text{Price of B}) \times B = \text{Total Cost}\)
Step 3: Detailed Explanation:
We are given:
Total Weight = 10 pounds
Total Cost = \$6.20/pound \(\times\) 10 pounds = \$62
Price of A = \$5/pound
Price of B = \$8/pound
Set up the equations:
1) \(A + B = 10\)
2) \(5A + 8B = 62\)
From equation (1), we can express \(B\) in terms of \(A\): \(B = 10 - A\).
Now, substitute this into equation (2):
\[ 5A + 8(10 - A) = 62 \]
Distribute the 8:
\[ 5A + 80 - 8A = 62 \]
Combine the terms with \(A\):
\[ -3A + 80 = 62 \]
Subtract 80 from both sides:
\[ -3A = 62 - 80 \]
\[ -3A = -18 \]
Divide by -3:
\[ A = 6 \]
Step 4: Final Answer:
There are 6 pounds of Type A candy in the mixture, which corresponds to option (C).