
Carmine F. answered 02/21/25
Need Math, Finance, Economics help?
in situation a we have:
780 = 5x + 80y (1)
in situation b:
960 = 6x + 100y (2)
where,
x is load/unload fee (one fee per trip, per worker) and ,
y is the mileage charge (dollar/mile)
We need to find x,y such that (1),(2) are both satisfied simultaneously
To do that we solve for either x or y in terms of the remaining variable using equations (1) or (2),
We then substitute that value into the remaining equation, and if the system has a solution we will find it here.
I will start by isolating x in (1), which gives
5x = 780 - 80y
x = 156 - 16y (3)
next we substitute (3) into (2) and solve for y
960 = 6(156 - 16y) + 100y
= 936 - 96y + 100y
= 936 + 4y
or,
4y = 24
y = 6
substituting back into (3) gives
x = 156 - 16*6
= 60
Please do verify that I made no errors in calculation, but this is how you solve a linear system of 2 equations. In your example we find the solution:
x = 60
y = 6
Please let me know if you need clarification on anything!
Best,
Carmine