SOLUTION: Five people decide to share a yacht. By bringing in an additional partner, they can lower the cost to each person by 7000 dollars. What is the total cost of the yacht?

Algebra ->  Equations -> SOLUTION: Five people decide to share a yacht. By bringing in an additional partner, they can lower the cost to each person by 7000 dollars. What is the total cost of the yacht?      Log On


   

Question 409483: Five people decide to share a yacht. By bringing in an additional partner, they can lower the cost to each person by 7000 dollars. What is the total cost of the yacht?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

Let x represent the cost of the yacht

Question states*** this is a perfect ex of finding the words that are 'Set-Up' words

 x/5 = x/6 + $7000

Solving for x

  1/30x = $7000

      x =$210,000

CHECKING our Answer***

$210,000/5 = $42,000

$210,000/6 = $35,000