Question
Hi, could you solve this problem for me in excel? Which car to buy? Mr. Fox is a taxi company owner. He is going to
Hi, could you solve this problem for me in excel?
Which car to buy?
Mr. Fox is a taxi company owner. He is going to buy a new car. Cars M, C, R suite his needs and the prices are 25000, 22000, 23000 euros accordingly. His decision will be based on total costs per kilometer criterion. All the necessary data is given in the attached table.
Calculate fixed, variable and total costs per kilometer for each car. Find a recommended price per kilometer, if 80% of it equals to the total costs per kilometer. Use the Data/Table tool to calculate an average criterion value and deviation from the average for each vehicle when the distance travelled per year changes from 10000 up to 40000 km in steps of 2000 km. Build a chart of deviations to facilitate Mr. Fox decision. Write down your recommendations.
Costs of the cars Costs Fixed costs per year M Salaryr 13200 Depreciation. 15% Car insurance. 8% Variabie costs per 100 km Fuel 11.50 Oil 1.1? Maintenance and Repair ?.90 Tire wear 1.85 Car 1 3200 13.10 1.31 8.30 2.10 1 3200 12.60 1.26 ?.?9 2.25Step by Step Solution
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