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The student chapter of the American Society of Mechanical Engineers is planning a six-day trip to the national conference in Albany, NY. For transportation, the
The student chapter of the American Society of Mechanical Engineers is planning a six-day trip to the national conference in Albany, NY. For transportation, the group will rent a car from either the State Tech Motor Pool or a local car dealer. The Motor Pool charges $0.36 per mile, has no daily fee, and pays for the gas. The local car dealer charges $29 per day and $0 18 per mile, but the group must pay for the gas. The car's fuel rating is 21 miles per gallon, and the price of gas is estimated to be $2 07 per gallon a. At what point, in miles, is the cost of both options equal? The breakeven point is 2,137 miles (Round to the nearest whole number ) b. The car dealer has offered a special student discount and will give the students 90 free miles per day What is the new breakeven point? The breakeven point is miles (Round to the nearest whole number)
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