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 xx 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: CostPlan One=36+0.17x\text{Cost}_{\text{Plan One}} = 36 + 0.17x

Plan Two:

  • Daily charge: $24 per day
  • Mileage charge: $0.25 per mile

So, the total cost for Plan Two is: CostPlan Two=24+0.25x\text{Cost}_{\text{Plan Two}} = 24 + 0.25x

Setting the costs equal:

36+0.17x=24+0.25x36 + 0.17x = 24 + 0.25x

Solving the equation:

  1. Subtract 2424 from both sides: 12+0.17x=0.25x12 + 0.17x = 0.25x

  2. Subtract 0.17x0.17x from both sides: 12=0.08x12 = 0.08x

  3. Divide both sides by 0.080.08: x=120.08=150x = \frac{12}{0.08} = 150

So, the mileage at which both rates are equal is 150 miles.

Would you like more details or have any questions?

Related Questions:

  1. How much would each plan cost for a 200-mile trip?
  2. At what mileage does Plan Two become cheaper than Plan One?
  3. What is the total cost for each plan if you drive 50 miles?
  4. How would the cost equations change if Plan One increased its daily rate by $10?
  5. 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.

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Rates and Proportions

Formulas

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Theorems

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Suitable Grade Level

Grades 7-9