Concept explainers
Each group member should research one situation that provides two different pricing options. These can involve areas such as public transportation options (with or without discount passes), cell phone plans, long-distance telephone plans, or anything of interest. Be sure to bring in all the details for each option. At a second group meeting, select the two pricing situations that are most interesting and relevant. Using each situation, write a word problem about selecting the better of the two options. The word problem should be one that can be solved using a linear inequality. The group should turn in the two problems and their solutions.
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
College Algebra with Integrated Review, Books a la Carte Edition, plus MyLab Math with Pearson eText -- Title-Specific Access Card Package (7th Edition)
- A city park is opening a new swimming pool. You can pay daily entrance fee of three dollars or purchase a membership for the 12 week summer season for $82 and pay only a dollar per day to swim. After many days with the two different pricing options be the same?arrow_forwardIf my list price is $425 less a 42% trade discount and I order 500 dozen sets of bowls, how much money (in $) will be saved by using the lower-priced vendor?arrow_forwardThe cable provider’s “triple-play” package offers a landline, internet service,and cable TV for one fixed price. If you already subscribe to their cell phoneservice, they offer an additional 12% off the price of the triple-play package.If the discounted price of the triple-play is $132, what is the price of thepackage without the discount?arrow_forward
- You work for a manufacturing company that decides to introduce a new product. If your company offers retailers a 35% discount off list price, what should the list price be to ensure that your company nets $1,600?arrow_forwardA financial manager has to invest $ 200000 in two options, one risky with a return of 20% and second less risky with a return of 10% per year. If the goal is to make $ 32000 at the end of the year what should be distribution of the money in both options.arrow_forwardSuppose the chamber of commerce in Pinehurst, North Carolina decided to hold a professional golf tournament at the famous Pinehurst Country Club. They would probably be able to get a TV contract from a major network. The TV revenue would be about $4 million, and they would sell 60,000 tickets at $8 apiece. The fund for prizes would be 20% of their total revenue (TV plus tickets) rounded to the nearest $10,000. The prizes would be as follows (all prizes are rounded to the nearest dollar): First prize: 18% of the total prize money Second prize: 60% of the first prize Third prize: 65% of the second prize Fourth prize: 70% of the third prize Fifth prize: 75% of the fourth prize Sixth prize: 6% of the remaining prize money Seventh prize: $900 less than sixth prize Eighth prize: $900 less than seventh prize And so on, with each subsequent prize $900 less than the previous prize. The final prize would be whatever was left over, even if it…arrow_forward
- Based on the results of the cost driver analysis, which cost drivers should be used for Bob’s delivery? - Miles and Time - Miles and weight - Miles, time & weight - Time & weightarrow_forwardIf four cars sell for an average of $10,000 each and three of the cars sell for $8,400 each, what is the cost of the fourth car?arrow_forward(2) Gabrielle is given the choice of two positions,the first paying $6400 per month and the otherpaying $4000 per month plus a 5% commission on all sales made during the month.What amount of sale must she make a month for the second position to be more profitable?arrow_forward
- A group of sales reps receive bonuses if they exceed theier monthly quotas for unit sales. Over a particular six-month period, their monthly comparisons to their quotas were: -24, -16, +33, +12, -19, and +8 units. How far above or below the quotas were they for the entire six-month period?arrow_forwardYou are choosing between two different cell phone plans. The first plan charges a rate of 19 cents per minute. The second plan charges a monthly fee of $29.95 plus 9 cents per minute.How many minutes would you have to use in a month in order for the second plan to be preferable?arrow_forwardIn a musical contest with 15 competitors, there are two prices: best singer and best composition. Knowing than 2 people cannot win both prices, how many ways to givethe prices exist?arrow_forward
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education