Bill is shopping for folders, notebooks and pencils for the first day of school. A notebook costs 4 times as much as colder. A notebook costs 2 times as much as a set of pencils. Each folder cost $2. Determine the total cost for 1 folder, 1 notebook and 1 set of pencils.

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Define Notebooks, folders and pencils
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Let the cost of folder be x 
Folder = x
Notebook = 4x
Pencil = 2x

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Cost of a Folder
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$2

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Cost of Notebook
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Notebook = 4x = 4(2) = $8

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Cost of Pencil 
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Pencil = 2x = 2(2) = $4

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Total
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$2 + $8 + $4 = $14

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Answer: $14
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