Math Problem Statement
A car rental company offers two plans for one way rentals. Plan one charges $36 per day and 17 cents per mile. Plan two charges $24 per day and 25 cents per mile. For what milage are both rates equal?
Solution
To determine the mileage at which both rental plans cost the same, we need to set up an equation where the total cost of Plan One equals the total cost of Plan Two.
Let represent the number of miles driven.
Plan One:
- Daily charge: $36 per day
- Mileage charge: $0.17 per mile
So, the total cost for Plan One is:
Plan Two:
- Daily charge: $24 per day
- Mileage charge: $0.25 per mile
So, the total cost for Plan Two is:
Setting the costs equal:
Solving the equation:
-
Subtract from both sides:
-
Subtract from both sides:
-
Divide both sides by :
So, the mileage at which both rates are equal is 150 miles.
Would you like more details or have any questions?
Related Questions:
- How much would each plan cost for a 200-mile trip?
- At what mileage does Plan Two become cheaper than Plan One?
- What is the total cost for each plan if you drive 50 miles?
- How would the cost equations change if Plan One increased its daily rate by $10?
- If you drive 150 miles over 2 days, how do the costs compare?
Tip:
When comparing costs, always set up an equation to find the point where both options are equal. This helps in making informed decisions for optimal pricing.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Equations
Rates and Proportions
Formulas
-
Theorems
-
Suitable Grade Level
Grades 7-9
Related Recommendation
Car Rental Comparison: Solving for Miles to Equal Costs
Car Rental Cost Comparison: How Many Miles for Two Plans to Cost the Same?
Cost Comparison of Truck Rentals: Finding Equal Rental Costs for Companies A and B
Comparing Car Rental Plans: Cost Analysis of Different Rates
Solving Systems of Equations in Car Rental Pricing