How many miles must he drive to break even

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Reference no: EM132090006

Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 52 cents per mile. Aldo estimates that his fixed costs per year such as taxes, insurance, and depreciation are $2,000. The direct or variable costs such as gas, oil, and maintenance average about 21.5 cents per mile.

How many miles must he drive to break even? (Do not round intermediate calculations. Roundup your answer to the next whole number.)

Reference no: EM132090006

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