Solution-Abc taxis has an average fixed cost of pound9000 a

Abc taxis has an average fixed cost of pound9000 a year for

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ABC Taxis has an average fixed cost of £9,000 a year for each car. Each kilometre driven has variable costs of 40 pence and collects fares of 60 pence. How many kilometres a year does each car have to travel before making a profit? Last year each car drove 160,000 kilometres. What does this tell you? How would the distance travelled have to change to reduce the average cost per kilometre by 5%?

Reference no: EM13567754

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Abc taxis has an average fixed cost of pound9000 a year for

Reference no: EM13567754

Reference no: EM13567754

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