Health insurance Plan P requires the insured person to pay $500 but then the insurance pays 80% of the cost over $500. Plan Q requires the insured to pay the initial $300, but then pays 60% of the cost over $300. Which of the following is a cost level for which both insurance plans pay out the same amount? Choose the correct choice from the following answers:  A) $1100  B) $1600  C) $2200  D) $2800  E) $3300
0.8(x-500)=0.6(x-300)   0.2x=400-180   x=1100   The answer is $1100.
<result>A</result>
Health insurance Plan P requires the insured person to pay $500 but then the insurance pays 80% of the cost over $500. Plan Q requires the insured to pay the initial $300, but then pays 60% of the cost over $300. Which of the following is a cost level for which both insurance plans pay out the same amount?