book Maths Puzzle Numerical Ability

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Explain the relevance and application of logarithmic functions in real-life situations.

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Wes is mixing peanuts and chocolate pieces. Peanuts sell for $4.50 a pound and the chocolate sells for $6.50 a pound. How many pounds of chocolate mixes with 5 pounds of peanuts to 1.666 is less than or greater than 1.67