Question

Luisa Díaz drove her vehicle about 7,200 miles last year. Her fixed costs totaled $1,058.40 and her variable costs were $1965.60 how much did it cost per mile

Answer 1

$0.42

Explanation:

Given:

Luisa Díaz drove her vehicle about 7,200 miles last year.

Total fixed cost = $1,058.40

Total variable cost = $1965.60

Question asked:

How much did it cost per mile ?

Solution:

Total cost of driving 7200 miles = Total fixed cost + Total variable cost

= $1,058.40 + $1965.60

= $3024

By unitary method:

Cost of driving 7200 miles = $3024

Cost of driving 1 mile = $3024
`/` 7200

= $0.42

Thus, cost of driving per mile is $0.42