Final answer:
After setting up two equations based on the given information and solving them, we find that the price of each potato is $0.50 and the price per pound of hamburger is $4.00.
Step-by-step explanation:
Price of Each Potato and Pound of Hamburger
Let's denote the price of each potato as P and the price per pound of hamburger as H. From the given information, we have two equations:
- 2P + 0.5H = $3.00 (two potatoes and a half pound of hamburger)
- P + 2H = $8.50 (one potato and two pounds of hamburger)
Now, let's solve this system of equations step by step:
- Multiply the first equation by 2: 4P + H = $6.00.
- Subtract the second equation from the result of step 1: (4P + H) - (P + 2H) = $6.00 - $8.50, which simplifies to 3P - H = -$2.50.
- Now, solve for P: 3P = H - $2.50. From the adjusted first equation, we get H = $6.00 - 4P. Substitute H in the third equation: 3P = ($6.00 - 4P) - $2.50. Thus, 3P = $3.50 - 4P, which leads to 7P = $3.50, and P = $0.50.
- Having found P, substitute it back into the first equation: 2($0.50) + 0.5H = $3.00. This simplifies to $1.00 + 0.5H = $3.00. Therefore, 0.5H = $2.00, and H = $4.00 per pound.
In conclusion, the price of each potato is $0.50 and the price per pound of hamburger is $4.00.