Eric has twice as much money as Marcia, who has $175 less than Laurel. But Laurel has as much money as Eric and Marcia have together. How much money does each person have?

I really hate school but im trying to learn as much or this algebra word problem stuff as poosible so plz post more to help idiots like me ;)

Let's assign variables to the unknown amounts of money. Let's say Marcia has x dollars. Since Eric has twice as much money as Marcia, Eric would have 2x dollars. Laurel, on the other hand, has $175 more than Marcia, which means she has x + $175.

According to the last statement, Laurel has as much money as Eric and Marcia have combined. So, we can write the equation:

x + $175 = 2x + x

To solve this equation, let's simplify it:

x + $175 = 3x

Next, let's isolate x by subtracting x from both sides of the equation:

$175 = 2x

Now, divide both sides of the equation by 2:

$175 / 2 = x

Calculating this, we find:

$87.50 = x

So, we have determined that Marcia has $87.50.

To find out how much money Eric has, we can substitute the value of x into Eric's amount, which is 2x:

2 * $87.50 = $175

Therefore, Eric has $175.

Finally, let's find out how much money Laurel has. As given earlier, she has x + $175:

$87.50 + $175 = $262.50

So, Laurel has $262.50.

To summarize:
- Marcia has $87.50
- Eric has $175
- Laurel has $262.50

Solve this set of equations. The symbols M, L and E are the dollars held by each person with that initial.

E = 2 M
L = M +175
L = M + E

Clearly, E = 175. Take it from there.