Michael A. answered 03/05/17
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In order to solve this problem, the assumption has to be made that the price of books and magazines are both uniform. If x = the price of books and y = the price of magazines, then we have:
4x + 5y = 103.60
8x + 3y = 134.40
This system of equations can be solved by various methods. I will choose the Elimination Method. Let's multiply the top equation by 2, and then subtract.
8x + 10y = 207.20
- (8x + 3y = 134.40)
7y = 72.8
y = 10.4 or $10.40 = the price of magazines
Now, plug this value of y into either of our original equations
4x + 5(10.40) = 103.60
4x + 52 = 103.60
4x = 51.6
x = 12.9 or $12.90 = cost of books
The difference in price between books and magazines is $12.90 - $10.40 = $2.50