7 similar suits cost $882 altogether while each tie costs $111 less than each suit. If there are 8 suits and 12 ties, what is the average cost of each item?

Answer 1

Each suit costs 882/7 = 126

Each tie costs 126-111 = 15

the average cost is (882 + 12*15) / 20

(882 + 130)/ 20 = $50.60