John will surf for five days on vacation. Renting a surfboard costs $50 per day. Buying a
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John will surf for five days on vacation. Renting a surfboard costs $50 per day. Buying a surfboard costs $300, and the surfboard can be resold to a used-goods store for one-third of the new price. Which is the correct cost comparison?
Renting: $250. Buying: $300. Buying is cheaper.
Renting: $250. Buying: $200. Buying is cheaper.
Renting: $200. Buying: $300. Renting is cheaper.
Renting: $200. Buying: $250. Renting is cheaper
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