Solve
-In a Certain City, the Cost of a Taxi $\$ 2.35$

question 84

Multiple Choice

Solve.
-In a certain city, the cost of a taxi ride is computed as follows: There is a fixed charge of $\$ 2.35$ as soon as you get in the taxi, to which a charge of $\$ 2.05$ per mile is added. Find an equation that can be used to determine the cost of an $x$ -mile taxi ride. Use this equation to find the cost of a 8-mile taxi ride.

• A) \(\$ 18.75\)
• B) \(\$ 18.63\)
• C) \(\$ 19.65\)
• D) \(\$ 18.93\)

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Definitions:

Net Income

The amount of earnings left over after all expenses and taxes have been subtracted from total revenue.

Dividends

Payments made by a corporation to its shareholders, out of its profit or reserves, usually on a regular basis.

Investment

The allocation of resources, usually money, in order to earn income or profit over time.

Partial Equity Method

An accounting method used when an investing company has significant influence over, but not full control of, another company, requiring the investor to record its share of profits.