Answer:
The owner's total revenue would be $204 if he charged $6 for each paddle boat rental.
Step-by-step explanation:
The owner has a total of 40 paddle boats and he can rent out all of them if he charges $3 per paddle boat. For each extra dollar, the number of paddle boats will decrease by 2. So, if he charges $6 (3 extra dollars) for each rental he can rent out:
40 - (3 x 2)
= 40 - 6
= 34 paddle boats.
The total revenue can be calculated by multiplying the number of paddle boats rented by the rent price per paddle boat.
Total Revenue = 34 x 6
= $204
The owner's total revenue would be $204 if he charged $6 for each paddle boat rental.
Answer:
The right answer is $ 204, but none of the options given is correct.
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Number of paddle-boats available for rent on the lake = 40
Cost of rent = $ 3
The owner knows that he can rent out only 38 if he charges $4 for each rental and that, in general, there will be 2 fewer paddle-boats rental for each extra dollar he charges per rental
2. What would the owner's total revenue be if he charged $6 for each paddle-boat rental?
Let's use a table to represent the relationship between number of paddle-boats for rental and the cost of the rent, this way:
Paddle-boats 40 38 36 34 32 30 28 26 24 22 20
Cost of rent in $ 3 4 5 6 7 8 9 10 11 12 13
As we can see in the table, the total revenue when $ 6 is the cost of rental is:
Total revenue = Cost of rental * Number of paddle-boats available
Total revenue = 6 * 34
Total revenue = $ 204
