The price that must be charged for a 1-hour tutoring session to produce this amount of revenue is 24.5 dollars
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How to solve Word Problem</h3>
The first thing to do with word problem is to understand the question. After that, make analysis of the question.
It is given that a A private tutoring company charges $20 for a 1-hour session. Currently, 300 students are each tutored for an hour each week. Since the company is losing money, the owner has decided to increase the price. For each 50¢ increase, That is $20.5 for each students.
If she estimates that 5 fewer students will participate, that is, 295 students, and the company needs to bring in $6,210 per week to stay in business.
Let us assume that 1 hour per day. And there are 7 days in a week.
Divide the money by 7 to know the value per day
6210/7 = 887.14
Now, divide the amount per day by 250 students to know the amount per student per hour
887.14/295 = 3.007
The price that must be charged for a 1-hour tutoring session to produce this amount of revenue should be 20.5 + 4 = 24.5 dollars
Therefore, each student will pay $24.5 per hour
Learn more about Word Problem here: brainly.com/question/13818690
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