Chapter 5.II, Problem 26RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Use ratio and proportion to solve the following business situations.

If auto insurance costs $6.52 per $1,000 of coverage, what is the cost to insure a car valued at $17,500?

To determine

**To calculate:** The cost to insure a car of value

Explanation

**Given Information:**

The auto insurance charges

**Formula used:**

Cross multiplication method:

To solve the proportional problem by using cross multiplication, follow the steps as mentioned below.

Step 1: Represent the unknowns by a letter.

Step 2: Set the proportion with one ratio, expressed as a fraction on both side of the equal sign.

Step 3: Multiply numerator of the left side ratio with the denominatior of right side ratio and place the product on one side of the equal sign.

Step 4: Multiply denominatior of the left side ratio with the nominatior of right side ratio and place the product on other side of the equal sign.

The step 3 and 4 together is called as cross multiplication.

Step5: Solve for the unknown value.

**Calculation:**

Consider the auto insurance charges

Suppose that *X* be the cost to insure a car of value

The proportion is

Apply cross multiplication, this gives,

Sect-5.I P-1TIESect-5.I P-2TIESect-5.I P-3TIESect-5.I P-4TIESect-5.I P-5TIESect-5.I P-6TIESect-5.I P-7TIESect-5.I P-8TIESect-5.I P-9TIESect-5.I P-10TIE

Sect-5.I P-1RESect-5.I P-2RESect-5.I P-3RESect-5.I P-4RESect-5.I P-5RESect-5.I P-6RESect-5.I P-7RESect-5.I P-8RESect-5.I P-9RESect-5.I P-10RESect-5.I P-11RESect-5.I P-12RESect-5.I P-13RESect-5.I P-14RESect-5.I P-15RESect-5.I P-16RESect-5.I P-17RESect-5.I P-18RESect-5.I P-19RESect-5.I P-20RESect-5.I P-21RESect-5.I P-22RESect-5.I P-23RESect-5.I P-24RESect-5.I P-25RESect-5.I P-26RESect-5.I P-27RESect-5.I P-28RESect-5.I P-29RESect-5.I P-30RESect-5.I P-31RESect-5.I P-32RESect-5.II P-11TIESect-5.II P-12TIESect-5.II P-13TIESect-5.II P-14TIESect-5.II P-15TIESect-5.II P-16TIESect-5.II P-17TIESect-5.II P-1RESect-5.II P-2RESect-5.II P-3RESect-5.II P-4RESect-5.II P-5RESect-5.II P-6RESect-5.II P-7RESect-5.II P-8RESect-5.II P-9RESect-5.II P-10RESect-5.II P-11RESect-5.II P-12RESect-5.II P-13RESect-5.II P-14RESect-5.II P-15RESect-5.II P-16RESect-5.II P-17RESect-5.II P-18RESect-5.II P-19RESect-5.II P-20RESect-5.II P-21RESect-5.II P-22RESect-5.II P-23RESect-5.II P-24RESect-5.II P-25RESect-5.II P-26RESect-5.II P-27RESect-5.II P-28RESect-5.II P-29RESect-5.II P-30RECh-5 P-1CRCh-5 P-2CRCh-5 P-3CRCh-5 P-4CRCh-5 P-5CRCh-5 P-6CRCh-5 P-7CRCh-5 P-8CRCh-5 P-9CRCh-5 P-10CRCh-5 P-11CRCh-5 P-12CRCh-5 P-13CRCh-5 P-14CRCh-5 P-1ATCh-5 P-2ATCh-5 P-3ATCh-5 P-4ATCh-5 P-5ATCh-5 P-6ATCh-5 P-7ATCh-5 P-8ATCh-5 P-9ATCh-5 P-10ATCh-5 P-11ATCh-5 P-12ATCh-5 P-13ATCh-5 P-14ATCh-5 P-15ATCh-5 P-16ATCh-5 P-17ATCh-5 P-18ATCh-5 P-19ATCh-5 P-20ATCh-5 P-21ATCh-5 P-22ATCh-5 P-23ATCh-5 P-24ATCh-5 P-25ATCh-5 P-26ATCh-5 P-27ATCh-5 P-28ATCh-5 P-29ATCh-5 P-30ATCh-5 P-31ATCh-5 P-32ATCh-5 P-33ATCh-5 P-34AT

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