Question

A truck can be rented from Company A for ​$70 a day plus ​$0.50 per mile. Company B charges ​$20 a day plus ​$0.60 per mile to rent the same truck. Find the number of miles in a day at which the rental costs for Company A and Company B are the same.

Answer 1

The rental cost for Company A and Company B will be the same after 500 miles

Explanation:

The total cost of renting a truck from Company A can be expressed as;

Total rental cost(Company A)=Cost per day+Total rate

where;

Cost per day=70

Total rate=rate per mile×number of miles (m)=(0.5×m)=0.5 m

replacing;

Total rental cost(Company A)=70+0.5 m...equation 1

2. The total cost of renting a truck from Company B can be expressed as;

Total rental cost(Company B)=Cost per day+Total rate

where;

Cost per day=20

Total rate=rate per mile×number of miles (m)=(0.6×m)=0.6 m

replacing;

Total rental cost(Company B)=20+0.6 m...equation 2

Equating equation 1 to equation 2

70+0.5 m=20+0.6 m

0.6 m-0.5 m=70-20

0.1 m=50

m=50/0.1

m=500 miles

The rental cost for Company A and Company B will be the same after 500 miles