Question

College students pay tuition, fees, and other charges each year to attend their educational institution. Using the price equation, what is the final price or cost to attend college for a typical semester based on the following data for an in-state student: tuition = $4,000; technology fee = $25; healthcare insurance = $50; student activity fee = $25; room & board = $5,000; books = $500; transportation & parking = $400; financial aid from work study (10 hours per week at $10 per hour wage) = $100 for 15 weeks; scholarships = $1000; and a discount of $500 for taking 15 credit hours?​ (marketing question)a.) 1,000

b.) 4,000
c.) 6,000
d.) 7,000
e.) 10,00

Answer 1

Answer: d. $7,000

Explanation:

tuition = $4,000;

technology fee = $25;

healthcare insurance = $50;

student activity fee = $25;

room & board = $5,000;

books = $500;

transportation & parking = $400;

financial aid from work study (10 hours per week at $10 per hour wage) = $100 for 15 weeks;

scholarships = $1000;

discount of $500 for taking 15 credit hours

Expenses: 4000+25+50+25+5000+500+400 = 10000

Incomes: 100*15+1000+500 = 1500+1000+500 = 3000

10000-3000 = 7000

the final price or cost to attend college for a typical semester: $7,000