# 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