Let x be the cost of one guitar string.
Since the cost of 25 guitar strings is equal to the cost of 25 guitar picks plus $1:
25x = 25c + 1
Given that Patrick spent a total of $40:
25c + 25x = 40
Substitute the first equation into the second equation:
25(25c + 1) + 25x = 40
625c + 25 + 25x = 40
625c + 25x = 15
25( 25c + x) = 15
25(x) = 15
x = 15 / 25
x = $1.30
Therefore, the cost of one guitar string is $1.30.