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Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 38 cents per mile. Aldo
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 38 cents per mile. Aldo estimates costs per year such as taxes, insurance, and depreciation are $2,098. The direct or variable costs such as gas, oil, and maintenance average about 18.4 cents per mile.
a. How many miles must he drive to break even?
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