To determine the best buy for someone who plans to work out at least twice a week for the next year, we need to compare the costs of the annual, semi-annual, and monthly membership options.
Let's assume the monthly membership fee is $50, the semi-annual fee is $250, and the annual fee is $400.
For the monthly membership option:
Cost per week = Monthly fee / Number of weeks
Cost per week = $50 / 4 weeks (assuming an average of 4 weeks in a month)
Cost per week = $12.50
Cost per year = Cost per week * Number of weeks in a year
Cost per year = $12.50 * 52 weeks
Cost per year = $650
For the semi-annual membership option:
Cost per year = Semi-annual fee * 2 (as there are 2 semi-annual periods in a year)
Cost per year = $250 * 2
Cost per year = $500
For the annual membership option:
Cost per year = Annual fee
Cost per year = $400
Based on the calculations above, we can see that the best buy for someone who plans to work out at least twice a week for the next year would be the annual membership option, as it has the lowest cost of $400 for the year.
The local gym offers annual, semi-annual, or monthly membership options. Which membership option is the best buy for someone who plans to work out at least twice/week for the next year?
1 answer