Aldo Renoldo drives his own car on company business. His employer - 13634

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yousafbhutta

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Aldo Renoldo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mile. Aldo estimates his fixed cost per year such as taxes, insurance and depreciation to be $2052.  The direct and variable costs such as gas, oil and maintenance average about 14.4 cents per mile. How many miles must he drive each year to break even?

Solution Description

 

Aldo Renoldo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mile.