Answer:
The the price of one ream of paper is $6.5.
Step-by-step explanation:
Here, Let us assume the cost of one ream of paper = $ m
<u>The money spent by Fred:</u>
The money spent on a binder = $4.50
The money spent on 6 ream of papers = 6 x ( cost of 1 ream )
= 6 x ($m) = 6 m
⇒The total money Fred spent = Money spent on (binder + 6 ream of papers)
= 4.50 + 6 m ....... (1)
<u>The money spent by Latasha:</u>
The money spent on a cartridge = $17.50
The money spent on 4 ream of papers = 4 x ( cost of 1 ream )
= 4 x ($m) = 4 m
⇒The total money Latasha spent = Money spent on (cartridge + 4 ream of papers)
= 17 .50 + 4 m .... (2)
Also, Both spend the same amount of money
⇒4.50 + 6 m = 17 .50 + 4 m ( from (1) and (2))
or, 6 m - 4 m= 17. 50 - 4, 50
or, 2 m = 13
or, m = 13/ 2 = 6.5
So, the value of m = $6.5
Hence, the the price of one ream of paper is $6.5.
