Answer: C. $39.98
Step-by-step explanation:
We have the following equation with mixed fractions:
(1)
A mixed fraction is the combination of an integer and a fraction, and to convert it into an improper fraction and be able to solve the equation more easily, we must do the following:
Mixed fraction: 
Converting Mixed fraction to improper fraction: 
So, for both mixed fractions we have:


Having this clear, let's solve the equation:
(2)
(3)
Finally: