F&D Elevator received two loads of corn: 895 bushels with 22 percent moisture and 850bushels with 18.5 percent moisture. F&D Elevator paid $6.70 per bushel for corn with 15.5 percent moisture or less. F&D Elevator has a 3.3 percent dockage for each point over 15.5 percent moisture. One bushel of dry corn (15.5 percent moisture) equals 56 pounds.
a. What did F&D Elevator pay for the 895 bushels?
b. What did F&D Elevator pay for the 850 bushels?
c. How many bushels of dry corn did F&D Elevator actually buy?
(Note: Do not forget the shrinkage.)
a. $1,713.03
b. $1,757.80
c. 1,662 bu
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