Rasheed is contemplating whether to buy a mem bership for a trampoline park, which is $50 a year. As a member, Rasheed receives a 15% discount on jump tickets. If the nonmembership price for a jump ticket is $12 per hour, for how many hours does Rasheed need to jump in order for the cost of the membership to be less than the total cost of buying jump tickets at the nonmembership prtce?
Rasheed is contemplating whether to buy a mem bership for a trampoline park, which is $50 a year. As a member, Rasheed receives a 15% discount on jump tickets. If the nonmembership price for a jump ticket is $12 per hour, for how many hours does Rasheed need to jump in order for the cost of the membership to be less than the total cost of buying jump tickets at the nonmembership prtce?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Step 1
Total cost of membership price = Total cost of non-membership price
Let hours needed = h
50 + (12 x 85% x h) = 12h
50 + 10.2h = 12h
1.8h = 50
h = 50/1.8
= 27.8
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