Answer:
Pencil = $0.25
Marker = $1.00
Eraser = $1.75
Step-by-step explanation:
Let P denote pencils, M denote markers and E denote erasers. The quantities of each item and total amounts spent by each person can be modeled into the following linear system:
[tex]7P+8M+7E=22\\4P+8M+6E=19.5\\6P+4M+7E=17.75[/tex]
Solving the linear system:
[tex]7P-4P+8M-8M+7E-6E=22-19.5\\3P+E=2.5\\E=2.5-3P \\\\7P+8M+7E-2*(6P+4M+7E)=22-2*17.75\\-5P-7E=-13.5\\-5P*-7*(2.5-3P)=-13.5\\16P=-13.5+17.5\\P=0.25\\E=2.5-0.25*3\\E=1.75\\7P+8M+7E =22\\7*0.25+8M+7*1.75 =22\\8M=8\\M=1[/tex]
The price of each item is:
Pencil = $0.25
Marker = $1.00
Eraser = $1.75