A cab charges a fixed price of $3.00 and an additional charge per mile. A tourist traveled a distance of 5 miles and paid a total of $27 as the cab fare.
Which statement correctly describes how to find the additional fare charged by the cab per mile arithmetically?
1. Subtract the product of 5 times $3 from $27 and divide the difference by 5.
2. Add the product of 5 times $3 to $27 and then divide the sum by 5.
3. Subtract $3 from $27 and then divide the difference by 5.
4. Add $3 and $27 and then divide the sum by 5.