Price of pen word problem

Five times the price of a pen is $17 more than three times its price. Find the price of the pen.

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x = price of pen 

5x = 3x + 17   {five times the price is 17 more than three times the price}
2x = 17   {subtracted 3x from each side}
x = 8.5   {divided each side by 2} 

The pen is $8.50

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