
Todd M. answered 11/22/19
Exam tutor for the SIE, Series 7, Series 65 , Series 66, GMAT, Finance
x=number of paperbacks sold
y=number of hard covers sold
x+y = 100 or y = 100-x
(x)(1) + (y)(5) = 260
x + (100-x)(5) = 260
x + 500 - 5x = 260
500 - 4x = 260
-4x = -240 or 4x = 240
x = 60
check:
(40*5)+(60*1) = 260
200 + 60 = 260
260 = 260