SOLUTION: three people decide to share the cost of a yacht. by bringing in an additional partner, they can reduce the cost of the yacht by 4000 dollars. what is the total cost of the yacht?

Question 793815: three people decide to share the cost of a yacht. by bringing in an additional partner, they can reduce the cost of the yacht by 4000 dollars. what is the total cost of the yacht?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
three people decide to share the cost of a yacht. by bringing in an additional partner, they can reduce the cost of the yacht by 4000 dollars. what is the total cost of the yacht?
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Let cost of the yacht be "x"::
Original average cost to the 3 people:: x/3 dollars
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New average cost if there are 4 people:: x/4 dollars
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Equation:
x/3 - x/4 = 4000
4x - 3x = 48000
x = $48,000.00
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Cheers,
Stan H.

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