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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1:35
E
145
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?
A
22
23
Transcribed Image Text:1:35 E 145 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? A 22 23
Expert Solution
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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