Solve the system of equations for $\sqrt{xy}$
$$x + y\sqrt{x} = \frac{95}{8} \tag 1$$ $$y + x\sqrt{y} = \frac{93}{8} \tag 2$$
From $(1)$, you have $y=\frac{95-8 x}{8 \sqrt{x}}$. Plug it in $(2)$ and you need to find the zero of function $$f(x)=\frac{\sqrt{\frac{95-8 x}{\sqrt{x}}} x}{2 \sqrt{2}}-\sqrt{x}+\frac{95}{8 \sqrt{x}}-\frac{93}{8}\tag 3$$ which, I agree, is quite ugly.
If you can see is that if $x \to 0^+$, $f(x)\to +\infty$.
Tring for a few values of $x$ you would have the following results $$\left( \begin{array}{cc} 1 & 2.54773 \\ 2 & 0.642631 \\ 3 & 0.289849 \\ 4 & 0.249754 \\ 5 & 0.216853 \\ 6 & 0.0656336 \\ 7 & -0.280515 \end{array} \right)$$ So, the solution is "close" to $x=6$.
To polish the root, using Newton method with $x_0=6$, we should have the following iterates $$\left( \begin{array}{cc} n & x_n \\ 0 & 6.00000 \\ 1 & 6.27644 \\ 2 & 6.25025 \\ 3 & 6.25000 \end{array} \right)$$ that is to say $x=\frac {25}4$.
Back to $y=\frac{95-8 x}{8 \sqrt{x}}$, this gives $y=\frac 94$.
I apologize for the typos : I used $938$ instead of $\frac{93}8$
Let's do the substitution that Will suggests, $x=s^2$,$y=t^2$ and let's save writing those fractions $a=95/8,b=93/8$. Thus we have \begin{eqnarray*} s^2+st^2=a \\ t^2+ts^2=b. \end{eqnarray*} How do we solve these (for $(s,t)$ in terms of $a,b$) ? Rearrange the first equation to $s^2-a=s t^2$ and square this \begin{eqnarray*} s^4-2as^2+a^2=t^4s^2. \end{eqnarray*} Now multiply this by $t^2$ and use the second equation \begin{eqnarray*} (b-t^2)^2-2at(b-t^2)+a^2t^2=t^5(b-t^2). \end{eqnarray*} This shows how to solve these equations (in principle). So we just need to solve an equation of order $7$ ... Let's see what CAS says ...
So this gives the solution that Will mentions ... $t=5/2$ ... What about the order $6$ part ? Well have a look at the graph, https://www.desmos.com/calculator/xsj6mrglur there are two real roots but they give negative values for $t^2$ or $s^2$.
Some curiosities:
(a) the polynomial in $u=\sqrt x$ is
$$ ( 2u - 5 ) ( 32u^6 + 80u^5 - 180u^4 - 418u^3 - 301u^2 + 2812u - 1805 ) $$
(b) the polynomial in $v=\sqrt y$ is
$$ ( 2v - 3 ) ( 32v^6 + 48v^5 - 300v^4 - 418v^3 + 133v^2 + 3968v - 2883 ) $$
(c) the polynomial in $w=\sqrt{xy}$ is
$$ ( 4w - 15 ) ( 1024 w^6 + 768 w^5 + 5952 w^4 - 120064 w^3 - 591600 w^2 + 1387684 w + 5203815 ) $$
I'm quite convinced there is no elegant way to find them. But I hope someone here will prove I'm wrong.
[EDIT]
John, it's not difficult (for a computer) to solve the system
$$u^2+u\,v^2-95/8$$ $$v^2+v\,u^2-93/8$$ $$w-u\,v$$
using elimination technics based on resultants or Gröbner basis. But if you want to know exactly what I did:
(a) is the Sylvester's Resultant of
$$(u) \, v^2 + (0) \,v + (u^2-95/8)$$ $$(1) \, v^2 + (u^2)\,v + (-93/8)$$
(b) is the Sylvester's Resultant of
$$(1) \, u^2 + (v^2)\,u + (-95/8)$$ $$(v) \, u^2 + (0) \,u + (v^2-93/8)$$
(c) is the Sylvester's Resultant of
$$(w) \, v^3 + (-95/8) \,v^2 + (0) \,v + (w^2)$$ $$(1) \, v^3 + (0)\,v^2 + (-93/8)\,v + (w^2)$$
I don't consider those as valid answers because I think everyone (including me) is expecting a solution that only relies on elementary algebra. I mean we are dealing with a system that is supposedly simple.