Insurance companies usually charge?
2 answers:
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Answer:
16 rides
Step-by-step explanation:
Option 1 . Admission fee = $10
Each ride = $0.50
Option 2 . Admission fee = $6
Each ride = $0.75
Let no. of rides be x
So, cost of ride according to option 1 = 0.50x
So, total cost after having x rides according to option 1 :
= 10+0.50x ---1
Cost of ride according to option 2 = 0.75x
So, total cost after having x rides according to option 2 :
= 6+0.75x --2
Now to find the beak even point i.e. having the same cost
Equate 1 and 2
Thus for 16 rides , the two options have the same cost .
Hence the break even point is 16 rides