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Reyes drives his own car on company business. His employer reimburses him for such travel at the rate of $0.40 per mile. Reyes estimates that
Reyes drives his own car on company business. His employer reimburses him for such travel at the rate of $0.40 per mile. Reyes estimates that his fixed costs per year, such as taxes, insurance, and depreciation, are $2,000. The variable costs such as gas, oil, and maintenance, average about $0.155 per mile.
a) How many miles must he drive to break even? (Do not round intermediate calculations, but round your answer to the nearest whole number. Please show your work.
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