Russell Preston delivers parts for several local auto parts stores. He charges clients 1.15 per mile driven. Russell has determined that if he drives 3,200 miles in a month, his average operating cost is $0.80 per mile. If he drives 5,200 miles in a month, his average operating cost is $0.75 per mile. Russell has used the high-low method to determine that his monthly cost equation is: total cost = $960.00 + $0.67 per mile.

Russell Preston delivers parts for several local auto parts stores. He charges clients 1.15 per mile driven. Russell has determined that if he drives 3,200 miles in a month, his average operating cost is $0.80 per mile. If he drives 5,200 miles in a month, his average operating cost is S0.75 per mile. Russell has used the highHow method to determine that his monthly cost equation is: total cost $960.00+$0.67 per mile Required: 1. Determine how many miles Russell needs to drive to break even. Break-Even Mles Miles 2. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month. Profit Loss 0 3. Determine how many miles Russell must drive to earm $1,200.00 in profit Miles Miles