Suppose that the purchase price for a piece of equipment is $12,000,with operational costs of $400 per day.If the same equipment can be leased for $800 per day (inclusive of operational costs),after how many days will the lease cost equal the purchase cost?

Question

Quizplus · Accepted Answer

The purchase cost is $12,000 plus $400 per day. The lease cost is $800 per day. Set the two equal: $12,000 + $400x = $800x. Solving for x gives x = 30 days.

Suppose That the Purchase Price for a Piece of Equipment