Concept explainers
Approximately how many people must then enter the contest in order for the total cost per person to be $50?
Answer to Problem 4P
Explanation of Solution
Given information:
In problem 4, suppose the cost to rent a private room increases to $400.
Calculation:
The cost to rent a private room = $400
Total cost per person to enter the contest = $50
Entry fees per person = $30 (given in problem 4)
Let no. of people enters in contest is x.
So the no. of people must enter in the contest is
20 people can enter in the contest.
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