Firstly, xylene is soluble in IPA, it wouldnt float.
The next best thing you'd be hoping for, since xylene boils at a higher temp than IPA, would be an azeotropic mixture that boils lower than either. That doesnt happen either, the IPA would cook off before the xylene (the mix is zeotropic, you can separate them by distillation).
However, IPA does form azeotropes with some non-polars.
IPA boils at 82.45°C
Toluene boils at 110.6°C
Combine them and a mix of 69% IPA and 31% toluene boils off at 80.6°C until one component or another runs out.
IPA azeotropes also work for the aliphatic series- pentane, hexane, heptane, octane, cyclohexane...
So your idea is useful, just not for xylene or mixed solvents containing aromatic compounds.
[Same score with ethanol, it forms azeotropes with aliphatics and toluene but not xylene]
If your library has a CRC handbook of chemistry and physics all this fun stuff is in the "Tables of azeotropes and zeotropes" section