document.write( "Question 131057: I am having problems setting up and solving the following word problem, can you help?\r
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document.write( "1. An art dealer sold 2 artworks for $1520 thereby making a profit of 25% on the first work and 10% 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 art work. Find the actual cost of each artwork. \n" );
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Algebra.Com's Answer #95689 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! An art dealer sold 2 artworks for $1520 thereby making a profit of 25% on the first work and 10% 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 art work. Find the actual cost of each artwork. \n" ); document.write( "----------------------------------- \n" ); document.write( "Let price on 1st artwork be \"x\"; Let price on 2nd artwork be \"y\". \n" ); document.write( "-------------------------- \n" ); document.write( "EQUATIONS: \n" ); document.write( "0.25x + 0.10y = 1520 \n" ); document.write( "0.10x + 0.25y = 1535 \n" ); document.write( "------------------------------------------- \n" ); document.write( "Rearrange: \n" ); document.write( "25x + 10y = 152000 \n" ); document.write( "10x + 25y = 153500 \n" ); document.write( "----------------------- \n" ); document.write( "Multiply 1st by 25 and 2nd by 10 to get: \n" ); document.write( "250x + 100y = 152000*10 \n" ); document.write( "250x + 625y = 153500*25 \n" ); document.write( "----------------------------- \n" ); document.write( "Subtract 1st from 2nd to get: \n" ); document.write( "625y = 2317500 \n" ); document.write( "y = $3708 \n" ); document.write( "------------- \n" ); document.write( "Substitute to solve for \"x\": \n" ); document.write( "250x + 100(3708) = 1520000 \n" ); document.write( "250x = 1149200 \n" ); document.write( "x = $4596.80 \n" ); document.write( "---------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |