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23 May, 10:24

From the following information, determine operating cost per mile. Choose the right answer. Cost of car = $5,000.00 Market value after 1 year = $3,800 Cost of gas and oil = $750.00 Repairs/Maintenance = $250.00 Insurance = $300.00 Miles driven = 17,500 Cost per mile = $

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  1. 23 May, 13:13
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    The operating cost of the vehicle will be $2500 plus the cost of the miles.

    First, we need to figure out the loss in value of the car.

    5000 - 3800 = 1200

    To that, we need to add all the other costs.

    1200 + 750 + 250 + 300 = 2500

    Finally, we just need to add in the cost of the miles. However, you didn't provide the value for each individual mile. If you have that amount, just multiply it by the total number of miles (17500). And that to 2500 and you will be finished.
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