Assignment:
A nut wholesaler sells a mix of peanuts and cashews. The wholesaler charges $2.80 per pound for peanuts and $5.30 per pound for cashews. The mix is to sell for $3.30 per pound. How many pounds of peanuts and how many pounds of cashews should be used to make 100 pounds of the mix?
Provide complete and step by step solution for the question and show calculations and use formulas.