Its 80% because it is the fraction of 4/5 you must divide the 4 and 5.
The value of the annual premium will be $1134.40
<h3>How to calculate the premium?</h3>
From the information given, the annual base premium will be:
= Liability premium + Collision premium + Comprehensive premium
= $383 + $240 + $86
= $709
The annual premium will be:
= Annual base premium × Driver eating factors
= $709 × 1.60
= $1134.40
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Answer:
(a) C(x) = 5550 +8.25x
(b) R(x) = 36x
(c) P(x) = 27.75x -5550; 200 hours to break even
Step-by-step explanation:
(a) Howen's costs include fixed costs and a cost per hour. Then her total cost will be the sum of the fixed cost (5550) and the product of hours (x) and the cost per hour (8.25):
C(x) = 5550 +8.25x
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(b) Howen plans to charge a given amount (36) per hour, so her revenue will be the product of that amount and the number of hours she works:
R(x) = 36x
__
(c) Her profit function is the difference between revenue and cost:
P(x) = R(x) -C(x)
P(x) = 36x -(5550 +8.25x)
P(x) = 27.75x -5550
Howen's break-even point is the number of hours required to make profit be zero:
0 = 27.75x -5550
0 = x - 200 . . . . . . . . . divide by 27.75
200 = x . . . . . . . . . . . . add 200
She needs to work 200 hours to break even.
Answer:
r = 13.33
Step-by-step explanation:
d = k*r*t
Where,
k = constant of proportionality
d = 110 when r = 55 and t = 2
d = k*r*t
110 = k * 55 * 2
110 = 110k
k = 110/110
k = 1
Find r when d = 40 and t = 3
d = k*r*t
40 = 1 * r * 3
40 = 3r
r = 40/3
= 13.333333333333
Approximately,
r = 13.33