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$X(10%) + $180 = $X(15%) Solve for X. Please help. I am 36, not a student. Need this for work. Thanks!?

Here is the problem. X is money I spend with this firm. I can choose two plans to pay them. The first plan is 10% of money spent Plus $180 a year. OR 15% of money spent with no annual fee. How much would I have to spend to break even? For example, if I spend $2000 a year on Plan A, I would pay a total of $380 a year. On Plan B, I would pay $300 a year. At what spenditure would plan A be the best plan?

1 Answer

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  • 1 decade ago
    Favorite Answer

    $3600

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