Based on the given problem above, this would appear that,
one pound of peanuts = 0.60*2 = $1.2
one pound of cashews = $2
Therefore, the cost of one pound of peanuts is $1.2.
The total cost of two pounds of peanuts and one pound of cashews would be this: 1.2 + 1.2 + 2 = $4.4
Hope this answers your question.
