Billy bought $532 worth of correction tapes and markers. He bought thrice as many markers as correction tapes. He spent $116 more on markers than on correction tapes. Each correction tape cost $2.50 more than each marker. Find the price of a correction tape.
(a)
Total amount that the correction tapes cost
= (532 - 116) ÷ 2
= 416 ÷ 2
= $208

Total amount that the markers cost
= 532 - 208
= $324

Number of sets of markers = 3
Number of sets of correction tapes = 1

Cost of 1 set of markers
= 324 ÷ 3
= $108

Amount that 1 set of correction tapes cost more than 1 set of markers
= 208 - 108
= $100

Number of items in 1 set
= 100 ÷ 2.50
= 40

Price of a correction tape
= 208 ÷ 40
= $5.20

Answer(s): $5.20