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?
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> 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?
Log On
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?
------
Let cost of the yacht be "x"::
Original average cost to the 3 people:: x/3 dollars
---
New average cost if there are 4 people:: x/4 dollars
------
Equation:
x/3 - x/4 = 4000
4x - 3x = 48000
x = $48,000.00
====================
Cheers,
Stan H.
(