Answer:
The price of one colored pencil was $0.70
Explanation:
Let p be the price of 1 colored pencil:
We know he bought 5 colored pencils and 3 notebooks and had 2 dollars left over, meaning he spent 8, so we can write out:
5p + 3(1.5) = 8
That becomes:
5p + 4.5 = 8
Isolate p by moving 4.5 to the right:
5p = 3.5
Divide by 5
p = 0.7