Price of milk is#$2.4#and price of magazine is#$2.25#
Explanation:
Total tax paid; #4.95-4.65 =$0.30#
Let #$x# be the price of milk , then #$(4.65-x)# be the price of magazine. So # x*0.05+(4.65-x)*0.08=0.30 or 0.05x-0.08x+0.372=0.3 or 0.03x=.072 or x=.072/0.03=2.4 :. 4.65-2.4=2.25#
Hence price of milk is #$2.4# and price of magazine is #$2.25#[Ans]