Answer:
There are 8 friends and the presents costs $30,000
Step-by-step explanation:
Let x be the number of students and y be the price of the present. Their contributions can be expressed as:
[tex]3000x=y-6000\ \ \ \ \ \ ...i\\\\4000x=y+2000\ \ \ \ \ \ \ \...ii[/tex]
#Make y the subject in equation i then substitute in ii:
[tex]y=3000x+6000\\\\\#substitute \ in \ ii\\\\4000x=y+2000\\\\4000x=(3000x+6000)+2000\\\\1000x=8000\\\\x=8\\\\y=3000\times 8+6000\\\\y=30000[/tex]
Hence, there are 8 friends and the present is priced at $30,000