# Question #66f05

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