Hi All,
We're told that a company accountant estimates that airfares next year for business trips of a thousand miles or less will increase by 20 percent and airfares for all other business trips will increase by 10 percent. This year, total airfares for business trips of a thousand miles or less were $9,900 and airfares for all other business trips were $13,000. According to the accountant's estimate, if the same number of business trips will be made next year as this year, we're asked how much money will be spent in total for airfares next year. Certain questions on Test Day really come down to just doing organized Arithmetic - although you can do a little bit of estimation to save some time on this question.
The cost of the $9900 in flights next year will be $9900 + (.2)($9900) = 9900 + (a little less than $2000, since $2000 is 20% of $10,000)
The cost of the $13,000 in flights next year will be $13,000 + (.1)($13,000) = $13,000 + $1300 = $14,300
Total = $9900 + $14,300 + (a little less than $2000)
Total = $24,200 + (a little less than $2000)
Total = a little less than $26,200
There's only one answer that fits.
Final Answer:
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