Health insurance Plan P requires the insured person to pay $600 but then the insurance pays 80% of the cost over $600. 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) $1200	B) $1500	C) $1800	D) $2100	E) $2400
0.8(x-600)=0.6(x-300)   0.2x=480-180   x=1500   The answer is $1500.
<result>B</result>
Health insurance Plan P requires the insured person to pay $600 but then the insurance pays 80% of the cost over $600. 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?