SOLUTION: The members of a flying club plan to share equally the cost of a $200,000.00 airplane. The members want to find five more people to join the club so that the cost per person will d
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Question 250642: The members of a flying club plan to share equally the cost of a $200,000.00 airplane. The members want to find five more people to join the club so that the cost per person will decrease by $2000.00, How many members are currently in the club?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Currently let's assume there are N people.
The cost per person is
Once 5 more people join then the cost per person is then
You know that
Substitute,
There are currently 20 people in the club.
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