document.write( "Question 80797This question is from textbook Elementary & Intermediate Algebra: Concepts & Applications
\n" ); document.write( ": I have been trying to figure this out for two days. I really need help!!(This is Applications of Linear Equations)
\n" ); document.write( "An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first and 10% profit on the other, whereas if he had approached any exhibition he would have sold them together for $1535 with a profit of 10% on the first and 25% on the other artwork. Find the actual cost of each artwork.
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Algebra.Com's Answer #57959 by dolly(163)\"\" \"About 
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Let the cost of the first art work = $x
\n" ); document.write( "Profit = 25% = 0.25
\n" ); document.write( "So sale price = x + 0.25x
\n" ); document.write( " = 1.25x
\n" ); document.write( "Let the cost of the second art work = $y
\n" ); document.write( "Profit = 10% = 0.10
\n" ); document.write( "So sale price = y + 0.10y
\n" ); document.write( " = 1.10y\r
\n" ); document.write( "\n" ); document.write( "Total sale price given = $1520\r
\n" ); document.write( "\n" ); document.write( "==> 1.25x + 1.10y = 1520 ------------(1)\r
\n" ); document.write( "\n" ); document.write( "Case (ii)\r
\n" ); document.write( "\n" ); document.write( "Profit on first work = 0.10
\n" ); document.write( "so sale price = 1.10x\r
\n" ); document.write( "\n" ); document.write( "Profit on second work = 0.25
\n" ); document.write( "so sale price = 1.25y \r
\n" ); document.write( "\n" ); document.write( "Total sale price given = $1535\r
\n" ); document.write( "\n" ); document.write( "==> 1.10x + 1.25y = 1535 ------------(2)\r
\n" ); document.write( "\n" ); document.write( "Adding 1 and 2 we get, 2.35x + 2.35y = 3050\r
\n" ); document.write( "\n" ); document.write( "==> x + y = 1300 [dividing by 2.35 throughout]------(3)\r
\n" ); document.write( "\n" ); document.write( "Subtracting 1 and 2 we get, 0.15x - 0.15y = - 15\r
\n" ); document.write( "\n" ); document.write( "==> x - y = -100 [dividing by 0.15 throughout]------(4)\r
\n" ); document.write( "\n" ); document.write( "Adding 3 and 4, 2x = 1200
\n" ); document.write( "==> x = 600\r
\n" ); document.write( "\n" ); document.write( "plugging in (3), we get y = 700\r
\n" ); document.write( "\n" ); document.write( "Thus the art works cost $600 and $ 700 respectively.\r
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