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?
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.
To determine the best buy for someone who plans to work out at least twice a week for the next year, let's compare the costs of annual, semi-annual, and monthly memberships.
1. Annual Membership:
Assuming there are no additional discounts or promotions, calculate the total cost of an annual membership by multiplying the monthly cost by 12. For example, if the monthly cost is $50, the total cost of the annual membership would be $50 * 12 = $600.
2. Semi-Annual Membership:
If the gym offers a semi-annual membership, find out the duration of each semi-annual membership. Let's assume it is 6 months. Calculate the total cost of a semi-annual membership by multiplying the monthly cost by the number of months in the semi-annual membership. If the monthly cost is $50, the total cost of the semi-annual membership would be $50 * 6 = $300.
3. Monthly Membership:
Calculate the total cost of a monthly membership for the next year by multiplying the monthly cost by 12. If the monthly cost is $50, the total cost of the monthly membership for a year would be $50 * 12 = $600.
Based on the calculations, both the annual membership and the monthly membership would cost $600 for a year. However, if you are confident that you will be consistent with your workouts, the annual membership might be the better choice, as it typically comes with additional benefits or discounts compared to the monthly membership. However, it's always recommended to check with the gym for any specific offers or promotions they might have.
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 different membership options. Let's break it down step by step:
1. Calculate the number of workouts in a year:
Multiply the number of workouts per week (2) by the number of weeks in a year (52) to get the total number of workouts in the next year. In this case, it would be 2 workouts/week * 52 weeks = 104 workouts/year.
2. Annual membership:
Find out the cost of an annual membership at the local gym. Let's say it is $600.
3. Semi-annual membership:
Determine the cost of a semi-annual membership. If the gym charges $350 for a six-month membership, you would need to purchase two consecutive semi-annual memberships to cover a year. Hence, the cost would be $350 * 2 = $700.
4. Monthly membership:
Determine the cost of the monthly membership. If the gym charges $60 per month, you would need to calculate the total cost of 12 months: $60/month * 12 months = $720.
Now, comparing the costs:
- Annual membership: $600
- Semi-annual membership: $700
- Monthly membership: $720
In this case, the best buy for someone who plans to work out at least twice a week for the next year would be the annual membership because it is the most cost-effective option at $600.