Question

The total value of the two franchises was $2.023 billion. The value of the Washington redskins was 19.2% more than the value of the Dallas cowboys. Determine the franchise value of each team.

Answer 1

Answer: the value of Washington redskins franchise is $1205708000.

The value of Dallas cowboys franchise is $817292000

Step-by-step explanation:

Let x represent the value of the Washington redskins franchise.

Let y represent the value of the Dallas cowboys franchise.

The total value of the two franchises was $2.023 billion. It means that

x + y = 2.023 × 10^9 - - - - - - - - - -1

The value of the Washington redskins was 19.2% more than the value of the Dallas cowboys.

19.2% of the total franchise is

19.2/100 × 2.023 × 10^9 = 388416000

Therefore,

x = y + 388416000

Substituting x = y + 388416000 into equation 1, it becomes

y + 388416000 + y = 2.023 × 10^9

2y + 388416000 = 2.023 × 10^9

2y = 2.023 × 10^9 - 388416000

2y = 1634584000

y = 1634584000/2

y = $817292000

x = y + 388416000 = 817292000 + 388416000

x = $1205708000