Solution-How many miles must he drive to break even

How many miles must he drive to break even

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Question - Reyes drives his own car on company business. His employer reimburses him for such travel at the rate of $0.40 per mile. Reyes estimates that his fixed costs per year, such as taxes, insurance, and depreciation, are $2,000. The variable costs such as gas, oil, and maintenance, average about $0.155 per mile. How many miles must he drive to break even?

Reference no: EM133098757

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How many miles must he drive to break even

Reference no: EM133098757

Reference no: EM133098757

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