Answer:
The price of other chair is $3841.25
Step-by-step 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.
[tex]x = 3y[/tex]
Second equation: The total price for both is $15365
[tex]x + y = 15365[/tex]
Step 2: Solve the system of equations.
1) [tex]x = 3y[/tex]
2) [tex]x + y = 15365[/tex]
Substitute x in the second equation with x from first.
[tex]x + y = 15365\\(3y) + y = 15365[/tex]
Now solve for y (y is the price of the other chair).
[tex]4y = 15365\\y = \frac{15365}{4}\\y = \$3841.25[/tex]