Last year, Ishiro Novato drove 21,986 miles and had these expenses: gas $1,187.25; maintenance and miscellaneous $118.80; parkin

Question

2 years ago

14

Last year, Ishiro Novato drove 21,986 miles and had these expenses: gas $1,187.25; maintenance and miscellaneous $118.80; parkin

g and tolls $125.00; tires $300.00; wash and wax $75; insurance $614.80; license $34.90; and depreciation $1,780.00
Cost per Mile = Annual Variable Cost + Fixed Cost
Number of Miles Driven
it would mean a lot to me if someone would answer this for me

Mathematics

1 answer:

Alisiya [41] · Answer 1 · 2023-02-11T14:23:00+03:00

Answer:

$0.187 per mile

Step-by-step explanation:

The sum of the expenses for the year is ...

$1,187.25 +$118.80 +$300.00 +$75 +$614.80 +$34.90 +$1,780.00

= $4110.75

Then the cost per mile is ...

cost/miles = $4110.75 / 21986 ≈ $0.18697

The cost per mile is about $0.187, or 18.7¢ per mile.

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If you need whole cents, that's about $0.19 per mile.