Write the Solution Set Using Interval Notation

question 212

Multiple Choice

Write the solution set using interval notation.
-A standard train ticket in a certain city costs $3.00 per ride. People who use the train also have the option of purchasing a frequent rider pass for $18.00 each month. With the pass, a ticket costs only $2.25 per ride. Use an
Inequality to determine the number of train rides in a month for which purchasing the monthly pass is more
Economical than purchasing the standard train ticket.

• A) 23 or more times
• B) 25 or more times
• C) 26 or more times
• D) 24 or more times

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Definitions:

Markup

The amount added to the cost of goods to determine their selling price, typically expressed as a percentage of the cost.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated at the beginning of the period.

Selling Price

The amount of money charged for a product or service, determined by factors such as cost, market demand, and competition.

Unit Product Costs

Unit product costs are the total expenses incurred in producing a single unit of product, including direct materials, direct labor, and manufacturing overhead, crucial for pricing and profitability analyses.