Answer:
Each one-inch binder costs $2.67 and each two-inch binder costs $6.
Explanation:
Let's call the cost of a one-inch binder "x" and the cost of a two-inch binder "y".
From Hansen's purchase, we know that 3x + 2y = $20.
From Pam's purchase, we know that 3x + 5y = $32.
We can use these two equations to solve for the cost of each size of binder. If we subtract the first equation from the second, we get:
2y = $32 - $20 = $12
So, y = $6, which is the cost of a two-inch binder.
Next, we can plug this value back into either of the original equations to find the cost of a one-inch binder:
3x + 2($6) = $20
Expanding the right side, we get:
3x + $12 = $20
Subtracting $12 from both sides, we get:
3x = $8
Finally, dividing both sides by 3, we find that:
x = $2.67
So, each one-inch binder costs $2.67 and each two-inch binder costs $6.