Question #66f05
1 Answer
Oct 23, 2016
Milk is $2.32 and the Magazine is $2.33
Explanation:
Let M = the price of milk
Let G = the price of the magazine
We know M + G = $4.65 or M = $4.65 - G
We also know: (M * 1.05) + (G * 1.08) = $4.95
Substituting from the first equation:
(($4.65 - G) * 1.05) + (G * 1.08) = $4.95
$4.88 - (G * 1.05) + (G * 1.08) = $4.95
G * 0.03 = $0.07
G = $0.07 / 0.03
G = 2.33
Substituting back into the first equation:
M + $2.33 = $4.65
M = $4.65 - $2.33
M = $2.32
