Question

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 = ____ $

A) 0.12
B) 0.14
C) 0.10

Answer 1

the answer is the second choice or B. 0.14

Answer 2

Hi there :-)

5000-3800=1200

Cost per mile
(1,200+750+250+300)÷17,500
=0.14

Hope it helps