The answer is they sold 127 cold sandwiches, 254 hot dogs, and 181 hamburgers.
s - the number of sandwiches
d - the number of hot dogs
h - the number of hamburgers
The price for s number of sandwiches is: $2.50s
The price for d number of hot dogs is: $1.50d
The price for h number of hamburgers is: $2h
The students have collected $1060.50: $2.50s + $1.50d + $2h = $1060.50
The students have sold 562 items: s + d + h = 562
The students sold twice as many hot dogs as cold sandwiches: d = 2s
Let's use substitution method.
First, let's substitute d from the third equation into the second equation and solve it for h in the term of s:
s + d + h = 562
d = 2s
s + 2s + h = 562
3s + h = 562
h = 562 - 3s
Further, substitute h and d from the second and the third equations, respectively, into the first equation and solve it for s:
2.50s + 1.50d + 2h = 1060.50
d = 2s
h = 562 - 3s
2.50s + 1.50 * 2s + 2(562 - 3s) = 1060.50
2.50s + 3s + 1124 - 6s = 1060.50
-0.5s + 1124 = 1060.50
1124 - 1060.50 = 0.5s
63.5 = 0.5s
s = 63.5/0.5 = 127
d = 2s = 2 * 127 = 254
h = 562 - 3s = 562 - 3 * 127 = 562 - 381 = 181