Final answer:
The speed of the private jet is 48 mph and the speed of the commercial jet is 8 mph.
Step-by-step explanation:
Let's assume the speed of the private jet is x mph.
According to the question, the private jet flies the same distance in 12 hours that the commercial jet flies in 8 hours.
So, the speed of the commercial jet is 88 mph less than 2 times the speed of the private jet. We can write this as: 2x - 88 mph.
Since distance = speed x time, we can set up the equation:
x * 12 = (2x - 88) * 8
Solving this equation, we find that x = 48 mph. Therefore, the speed of the private jet is 48 mph and the speed of the commercial jet is 2x - 88 = 2 * 48 - 88 = 8 mph.