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Question
freds family wants to switch cell phone plans. hot spot mobile is offering a one - time discount of $50 for families that use multiple phones with their service. freds family uses 5 phones, and the salesperson said the first months payment, which includes the discount and the regular monthly rate for each phone, will be $62.25. what is the regular monthly rate for each phone?
Step1: Add the discount back
Let the total regular - price for 5 phones be $x$. We know that after a $50$ discount, the first - month payment is $62.25$. So, $x-50 = 62.25$. Then $x=62.25 + 50$.
$x=112.25$
Step2: Calculate the regular monthly rate per phone
If the total regular - price for 5 phones is $x = 112.25$, and we want to find the regular monthly rate $y$ for each phone. We use the formula $y=\frac{x}{5}$.
$y=\frac{112.25}{5}=22.45$
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$22.45$