Cory Bryant runs a courier service in downtown Phoenix. He charges clients $0.50
ID: 2388679 • Letter: C
Question
Cory Bryant runs a courier service in downtown Phoenix. He charges clients $0.50 per mile driven. Cory has determined that if he drives 2,700 miles in a month, his total operating cost is $931. If he drives 5,900 miles in a month, his total operating cost is $1,507. Cory has used the high-low method to determine that his monthly cost equation is: Total Monthly Cost = $445 + $0.18 per Mile Driven.1: Determine how many miles Cory needs to drive to break even. (Round your intermediate calculations to 2 decimal places and final answer to next whole number.)
Break-even units:_______miles
2: Calculate Cory
Explanation / Answer
Total Monthly Cost = $445 + $0.18 per Mile Driven
charges clients $0.50 per mile driven
1) let x be number of miles driven
445 + 0.18x = 0.50x
=>.32x=445 => x= 1390.625
breakeven units =1391