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?

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) (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 

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