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Rides, Rides, how much should a driver make? Quber has tasked you to investigate the number of rides per month which the company would need

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Rides, Rides, how much should a driver make? Quber has tasked you to investigate the number of rides per month which the company would need to see completed to break-even per month. The following are the fixed costs per year and variable costs of Quber in Table 3: Table 3: Associated Costs of Quber The drivers still have registration costs of $480 per year as well as car servicing which costs $240 every 6 months, monthly phone costs of $50 and car loan repayments of $250. In addition, drivers still need to buy petrol and it has been calculated the use of petrol for an average ride is $1 per ride. In addition, Quber wants to take the break-even analysis further and give insights back to the drivers and suggest, on average, how many rides are needed to be completed per month for drivers to make a monthly salary of $5,000. You have analysed the historical data of the rides per driver per month for you and determined a ride on average costs $25 per ride. Currently, Quber wants you to base your analysis on the assumption drivers receive a 72% cut of the average fare. Use this information above to complete the requested analyses below. (a) (7 marks) Calculate: i. The break-even number of rides needed by the company. ii. The break-even number of rides to inform a driver. iii. The income made by the company at break-even. Show all working out including the modelling and solution steps

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