SOLUTION: Seven people decide to share the cost of a yacht. By bringing in an additional partner, they can reduce the cost to each person by $2000. What is the total cost of the yacht?
Algebra.Com
Question 586026: Seven people decide to share the cost of a yacht. By bringing in an additional partner, they can reduce the cost to each person by $2000. What is the total cost of the yacht?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Hint: if C is the cost of the yacht and x is the cost per person (for 7 people), then
C/7 = x
represents the idea that the cost divided amongst 7 people is x
Now divide that same cost by 8 people to get the cost per person to drop by $2000 which gives us
C/8 = x-2000
From here, you can plug in x = C/7 to get
C/8 = C/7 - 2000
Now solve for C. I'll let you do that.
RELATED QUESTIONS
three people decide to share the cost of a yacht. by bringing in an additional partner,... (answered by stanbon)
Five people decide to share a yacht. By bringing in an additional partner, they can lower (answered by ewatrrr)
Three people decide to share the cost of a yacht. By bringing in a fourth partner, they... (answered by drk)
A church is bringing a group of its members to a "clean comedians" show. If they bring 15 (answered by Alan3354)
The cost to rent a
condominium at the beach is $1,500 per week.
If two people share the (answered by josmiceli,josgarithmetic)
A church is bringing a group of its members to a "clean comedians" show. If they bring 15 (answered by Alan3354)
This problem is from a chapter dealing with Quadratic Equations and Inequalities
The... (answered by scott8148)
The members of a traveling club plan to share equally the cost of $150,000 motor home. If (answered by stanbon)
A group of students decide to buy a Christmas gift for their math teacher. They agree to... (answered by Fombitz)