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The total daily cost of operating a certain roller coaster is $600 plus $0.50 per person who rides the roller coaster. If on Tuesday, 1,500 people pay an average of $2 to ride the roller coaster, how much greater are the roller coaster's revenues than its operating costs?
(A) $2,400
(B) $2,250
(C) $1,650
(D) $900
(E) $150
_________________
(A) $2,400
(B) $2,250
(C) $1,650
(D) $900
(E) $150
_________________
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Revenue: \(1500*2 = 3000\)
Operating cost: \(600+0.5(1500) = 1350\)
How much greater are the roller coaster's revenues than its operating costs: \(3000 - 1350 = 1650\)
ANSWER C
Operating cost: \(600+0.5(1500) = 1350\)
How much greater are the roller coaster's revenues than its operating costs: \(3000 - 1350 = 1650\)
ANSWER C
1,500 people pay average $2, therefore total revenue = 1500 * 2 = $3,000
Operating cost for 1500 people = 600 + (0.5*1500) = $1,350
How much greater is revenue than cost? Revenue - Cost = 3000 - 1350 = $1,650
Answer C.
_________________
Operating cost for 1500 people = 600 + (0.5*1500) = $1,350
How much greater is revenue than cost? Revenue - Cost = 3000 - 1350 = $1,650
Answer C.
_________________
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