Final answer:
The jumbo popcorn costs $4.00 and each chocolate chip cookie costs $0.50.
Step-by-step explanation:
To find the cost of each item, let's assign variables to the prices. Let x represent the cost of the jumbo popcorn and y represent the cost of each chocolate chip cookie.
From the given information, we know that Julia bought 1 jumbo popcorn and 2 chocolate chip cookies for $5.00, and Marvin bought 1 jumbo popcorn and 4 chocolate chip cookies for $6.00.
Using our variables, we can create two equations to represent these situations:
- x + 2y = 5
- x + 4y = 6
By solving these equations simultaneously, we can find the values of x and y, which represent the cost of each item.
Step 1: Solve equation (1) for x: x = 5 - 2y
Step 2: Substitute the value of x in equation (2): 5 - 2y + 4y = 6
Step 3: Simplify and solve for y: 5 + 2y = 6
Step 4: Subtract 5 from both sides: 2y = 1
Step 5: Divide both sides by 2: y = 0.50
Now that we have the value of y, we can substitute it back into equation (1) to find the value of x:
x + 2(0.50) = 5
x + 1 = 5
x = 4
Therefore, the jumbo popcorn costs $4.00 and each chocolate chip cookie costs $0.50.