Suppose that a corporation has a market capitalization of $97,000,000,000 with 450M outstanding shares. Calculate the price per
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Answer:
Alice will have to pay $13.33
Ben will have to pay $23.33
Kelvin will have to pay $43.33
Step-by-step explanation:
Given that
Alice destination is 20 miles away
Ben destination is 30 miles away
Calvin destination is 40 miles away.
For a mile, taxi costs 2 dollars.
To find:
How much each person has to pay if they share the same taxi to their respective destinations?
Solution:
For the first 20 miles, the taxi will be shared by all 3 of them.
Charges for 20 miles = 20 2 = $40
This $40 will be shared among all 3.
Each will pay =
Charges for Alice = $13.33
Charges for Ben = $13.33
Charges for Calvin = $13.33
For the next 10 miles, the taxi will be shared by Ben and Calvin.
Charges for 10 miles = 10 2 = $20
This $20 will be shared between Ben and Calvin.
Each will pay =
Charges for Alice = $13.33
Charges for Ben = $13.33 + 10 = $23.33
Charges for Calvin = $13.33 + 10 = $23.33
For the next 10 miles, Calvin travels alone.
Charges for 10 miles = 10 2 = $20
This $20 will be paid by Calvin alone.
Charges for Alice = $13.33
Charges for Ben = $23.33
Charges for Calvin = $23.33 + 20 = $43.33