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Determine the a) total annual cost, and b) cost per mile to the nearest cent.

1. Liz Nolan drove 34,500 miles last year. The total of fixed costs was $9,916 and of variable costs was
$4,897.

User Kasium
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1 Answer

3 votes

Answer:

total annual cost: 49313

cost per mile: 14 cents

Explanation:

find total annual cost by adding everything up

find cost per mile by doing 4897/34500

cost/ miles

we use variable cost since the only thing that might change each year is the amount of miles they drive

fixed costs are fixed and don't change

User Ramirez
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