Qlt1 Task 5

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Words: 708

Pages: 3

Category: Business and Industry

Date Submitted: 03/17/2015 07:22 PM

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A.

1. Shawn recently started working at a government building and has never had to pay for parking on a daily basis. After some research on different possibilities, Shawn has determined that his top two choices are parking Garages. The parking Garages are literally across the street from each other, but 3 blocks from his work. Parking Garage A offers a flat monthly rate of $30 for unlimited parking. A parking spot is then assigned. Parking Garage B offers parking for a rate of $0.30 an hour. It is a first come first serve basis.

2. Since Shawn has been unemployed for the last three months he is tight on funds. Shawn will need to be careful with his expenditures until he is out of debt. He currently needs to park at either Garage for 30 hours a week or 160 hours a month.

Parking Garage A allows Shawn to have a convenient designated parking space each month. Parking Garage B is a first come first serve basis. Since where he works is a busy part of town, parking could become competitive.

3. The two cost options as mentioned above are to pay the flat rate of $30 a month plus a $30 initial fee at parking Garage A or to pay the hourly rate of $0.30 at parking Garage B. He has a little money at the moment so he can afford both, but would like to save anywhere he can.

B.

1. Parking Garage A equation: Y = (X-X) + 30

Y = total cost for parking a month

X = hours paid for parking

30 = monthly rate

Parking Garage B equation: Y = .30X

Y = total cost for parking a month

X = hours parked per month

.30 = hourly rate

2.

a) We know that for Parking Garage A there is a flat rate of $30 a month regardless of how many hours, X, Shawn actually parks. Since we have this portion given to us we can formulate a simple equation. X-X will allow us to get rid of hours and focus on just the flat rate. The total cost, Y, will be equal to $30 a month.

b) We know that for Parking Garage B there is an hourly parking rate...