Answer:
The price of other chair is $3841.25
Explanation:
Step 1: Write equations.
First equation: The price of one type of chair is three times the price of the other.
Let x be the price of one type of chair and y the price of the other type of chair.
![x = 3y](https://img.qammunity.org/2023/formulas/mathematics/college/12wgoddeg1o8doppe7h4v945ogxjoygnpq.png)
Second equation: The total price for both is $15365
![x + y = 15365](https://img.qammunity.org/2023/formulas/mathematics/college/zzbgyjvmmc3p9bqu1aa4jhvtape0ii02hp.png)
Step 2: Solve the system of equations.
1)
![x = 3y](https://img.qammunity.org/2023/formulas/mathematics/college/12wgoddeg1o8doppe7h4v945ogxjoygnpq.png)
2)
![x + y = 15365](https://img.qammunity.org/2023/formulas/mathematics/college/zzbgyjvmmc3p9bqu1aa4jhvtape0ii02hp.png)
Substitute x in the second equation with x from first.
![x + y = 15365\\(3y) + y = 15365](https://img.qammunity.org/2023/formulas/mathematics/college/9o8yk2rrf992x3tvmcn9smlzoxbiy4hrph.png)
Now solve for y (y is the price of the other chair).
![4y = 15365\\y = (15365)/(4)\\y = \$3841.25](https://img.qammunity.org/2023/formulas/mathematics/college/cmsir3s5el946pb4niwe8px86lcitqw71l.png)