Use the Five-Step Strategy for Solving Word Problems to Find $\$ 3.00$

question 220

Multiple Choice

Use the five-step strategy for solving word problems to find the number or numbers described in the following
exercise.
-A train ticket in a certain city is $\$ 3.00$ . People who use the train also have the option of purchasing a frequent rider pass for $\$ 16.50$ each month. With the pass, each ticket costs only $\$ 2.25$ . Determine the number of times in a month the train must be used so that the total monthly cost without the pass is the same as the total monthly cost with the pass.

• A) 22 times
• B) 23 times
• C) 21 times
• D) 24 times

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Definitions:

TC

Total Cost, which is the total expense incurred in reaching a particular level of output.

Profit-Maximizing

The act of adjusting production and sales to achieve the highest possible profit under given market conditions.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Profit

The financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.