Question

five people decide to share the cost of a yacht. By bringing in an additional partner, they can reduce the cost to each person by $7000. What is the total cost of the yacht?

Answer 1

Answer:

$42,000

Step-by-step explanation:

People = 5

Additional = +1

Total People = 5+1, which = 6

Cost per person $7,000

Multiply $7,000 x 6 people

Yacht cost = $42,000

Answer 2

Answer:

$210,000

Step-by-step explanation:

If each of the 5 original people saved $7000, that means the total saved was $35,000 (7000 x 5 = 35,000)

This means the additional person is paying $35,000

If everyone is paying the same amount as the additional person, multiply that amount by 6

35,000 x 6 = 210,000