To represent the situation with a system of equations, we can establish two equations based on the information given:
-
Equation for the total number of copies sold: The total number of copies sold is the sum of the home edition copies (x) and the business edition copies (y). This gives us our first equation: \[ x + y = 745 \]
-
Equation for the total revenue earned: The total revenue from selling x copies of the home edition at $23.50 each and y copies of the business edition at $58.75 each should equal the total earnings of $29,668.75. This gives us our second equation: \[ 23.50x + 58.75y = 29,668.75 \]
Putting these two equations together, we have the following system of equations:
\[ \begin{align*}
- & \quad x + y = 745 \
- & \quad 23.50x + 58.75y = 29,668.75 \end{align*} \]
This system of equations can now be used to determine the values of \(x\) (copies of the home edition sold) and \(y\) (copies of the business edition sold).