Question
The following information applies to the questions displayed below.] Suppose there are three passengers sharing a single cab ride and that passenger As usual fare
The following information applies to the questions displayed below.]
Suppose there are three passengers sharing a single cab ride and that passenger As usual fare to his destination would be $31, passenger Bs usual fare to her destination would be $18, and passenger Cs fare would be $49. Because they are sharing the cab, and assuming no surcharge, the total cab fare is $49, rather than the $98 they would have had to pay in total individually. So there is a $49 saving to sharing the cab.
Required:
1. Assume the passengers decide to split the $49 savings based on the relative proportion of how much each passenger would have paid individually if they had not shared the cab. How much will each passenger pay?
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