Question Details

The average monthly maintenance charge for 60 software licenses is $8,000. Following a rate revision, the updated average charge per license increases to $(8,000 + Y). If the total amount collected across all licenses after the revision is $576,000, calculate the value of 3Y.

Options

A

5,400

B

6,000

C

4,800

D

4,200

E

3,600

Show Answer

Correct Answer :

Option C

4,800

Solution :

The correct answer is 4,800.

Step-by-step explanation:

Step 1: Identify the given values
Total number of software licenses = 60
Updated average monthly maintenance charge per license = $(8,000 + Y)
Total amount collected across all licenses after revision = $576,000

Step 2: Formulate the equation
The total collection after revision is equal to the number of licenses multiplied by the updated average charge per license:

60×(8000+Y)=576000

Step 3: Solve for Y
Divide both sides of the equation by 60 to find the updated average charge per license:

8000+Y=57600060

8000+Y=9600

Subtract 8,000 from both sides to find the value of Y:

Y=96008000

Y=1600

Step 4: Calculate the required value (3Y)
Multiply Y by 3:

3Y=3×1600

3Y=4800

Therefore, the value of 3Y is 4,800.

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