Health insurance Plan P requires the insured person to pay $500 but then the insurance pays 70% of the cost over $500. 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?	Choose the correct choice
A) $700  B) $800  C) $900  D) $1000  E) $1100
0.7(x-500)=0.6(x-400)   0.1x=350-240   x=1100   The answer is $1100.
<result>E</result>
Health insurance Plan P requires the insured person to pay $500 but then the insurance pays 70% of the cost over $500. 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?