To represent the total cost of a combination of gummy bears and peach rings that costs less than $7.00, we can set up the inequality as follows:
- Let \( x \) represent the amount of gummy bears in pounds.
- Let \( y \) represent the amount of peach rings in pounds.
- The cost of gummy bears is $4.50 per pound, so the cost for \( x \) pounds of gummy bears is \( 4.50x \).
- The cost of peach rings is $5.00 per pound, so the cost for \( y \) pounds of peach rings is \( 5.00y \).
- We want the total cost to be less than $7.00.
Putting it all together, the inequality is:
\[ 4.50x + 5.00y < 7.00 \]
This inequality represents the cost of the combination of candy that is less than $7.00.