pj = prop jet speed
pp = private plane speed
pj is 2.5 times faster than pp, therefore
A) pj = 2.5*pp
B) pj = 2*pp + 60
Substituting equation A into B
B) 2.5*pp = 2*pp +60
.5 * pp = 60
Private Plane travels at 120 mph
Prop jet = 2.5 * private plane = 300 mph