Assignment:
You have exactly $537 to spend on parting gifts for your rich uncle's birthday party. You decide to get watches for the ladies (at $27.98 each), and beepers for the men (at $23.46 each). You know that the number of watches required will be 3 times as much as the number of beepers. How many of each item do you buy?
Provide complete and step by step solution for the question and show calculations and use formulas.