Question

(01.03 lc)
landyn is comparing cell phone plans. he does not want to spend more than 10% of his net pay each month. if his current monthly net pay is $560.00, which plan below fits into his budget?
plan a: 55 + 55(0.05) =
plan b: 50 + 50(0.05) =
plan c: 60 + 60(0.05) =
○ plan a
○ plan b
○ plan c
○ no plans

Explanation:

Step1: Calculate 10% of net pay

First, find 10% of Landyn's net pay (\$560). The formula for percentage is LXI0. So, LXI1. This means Landyn can spend at most \$56 on his cell phone plan.

Step2: Calculate cost of Plan A

For Plan A: \( 55 + 55(0.05) \). First, calculate \( 55(0.05) = 2.75 \). Then add to 55: \( 55 + 2.75 = 57.75 \).

Step3: Calculate cost of Plan B

For Plan B: \( 50 + 50(0.05) \). Calculate \( 50(0.05) = 2.5 \). Then add to 50: \( 50 + 2.5 = 52.5 \).

Step4: Calculate cost of Plan C

For Plan C: \( 60 + 60(0.05) \). Calculate \( 60(0.05) = 3 \). Then add to 60: \( 60 + 3 = 63 \).

Step5: Compare costs to budget

Now, compare each plan's cost to the maximum budget of \$56.

• Plan A: \$57.75 > \$56 (exceeds budget)
• Plan B: \$52.5 < \$56 (fits budget)
• Plan C: \$63 > \$56 (exceeds budget)

Answer:

B. Plan B