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28 Jun 2016, 07:05
00:00

Difficulty:

25% (medium)

Question Stats:

78% (02:01) correct 22% (01:51) wrong based on 41 sessions

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A taxi company costs $2.75 for the first quarter-mile and 12.5 cents for each additional quarter mile. What is the maximum distance you can travel with$6.50?

A. 4 miles
B. 5 3/4 miles
C. 6 1/2 miles
D. 7 3/4 miles
E. 8 1/4 miles

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28 Jun 2016, 10:28
Bunuel wrote:
A taxi company costs $2.75 for the first quarter-mile and 12.5 cents for each additional quarter mile. What is the maximum distance you can travel with$6.50?

A. 4 miles
B. 5 3/4 miles
C. 6 1/2 miles
D. 7 3/4 miles
E. 8 1/4 miles

Use reverse calculation-

Total Cost = Fixed Cost ( For 1/4 miles ) + Variable cost ( Distance Travelled )

Or, 6.50 = 2.75 + 0.125 * d

Or, 3.75 = $$\frac{d}{8}$$

Or, d = 30 quarter miles

So, Total Distance = ( 30 + 1 ) Quarter miles

So, Distance = 31/4 => $$7 \frac{3}{4}$$ miles

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Re: A taxi company costs $2.75 for the first quarter-mile and 12.5 cents [#permalink] ### Show Tags 28 Mar 2019, 07:29 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Re: A taxi company costs$2.75 for the first quarter-mile and 12.5 cents   [#permalink] 28 Mar 2019, 07:29
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