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 $400, but then pays 60% of the cost over $400. Which of the following is a cost level for which both insurance plans pay out the same amount?
Options:
A) $1000  B) $1100  C) $1200  D) $1300  E) $1400
0.8(x-600)=0.6(x-400)   0.2x=480-240   x=1200   The answer is $1200.
<result>C</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 $400, but then pays 60% of the cost over $400. Which of the following is a cost level for which both insurance plans pay out the same amount?