Answer :
To determine the total costs for each of the three years, we need to follow these steps systematically:
1. Given Data for Year 1:
- The total cost in Year 1 is \[tex]$2,240. - The salesman is estimated to drive 20,000 miles in Year 1. 2. Calculating Cost Per Mile for Year 1: - To find the cost per mile, we divide the total cost by the number of miles. \[ \text{Cost Per Mile for Year 1} = \frac{2240}{20000} = 0.112 \text{ dollars per mile} \] 3. Estimating Total Cost for Year 2: - Assuming the cost per mile remains the same as in Year 1, we can calculate the total cost for Year 2. - The estimated distance to be driven in Year 2 is also 20,000 miles. \[ \text{Total Cost for Year 2} = \text{Cost Per Mile for Year 1} \times \text{Estimated Miles for Year 2} \] \[ \text{Total Cost for Year 2} = 0.112 \text{ dollars per mile} \times 20000 \text{ miles} = 2240 \text{ dollars} \] 4. Estimating Total Cost for Year 3: - Similarly, assuming the cost per mile remains consistent, we calculate the total cost for Year 3. - The estimated distance to be driven in Year 3 is also 20,000 miles. \[ \text{Total Cost for Year 3} = \text{Cost Per Mile for Year 1} \times \text{Estimated Miles for Year 3} \] \[ \text{Total Cost for Year 3} = 0.112 \text{ dollars per mile} \times 20000 \text{ miles} = 2240 \text{ dollars} \] 5. Summary of Costs: - Total Cost for Year 1: \$[/tex]2,240
- Total Cost for Year 2: \[tex]$2,240 - Total Cost for Year 3: \$[/tex]2,240
Thus, the calculated total costs for each of the three years are:
- Year 1: \[tex]$2,240 - Year 2: \$[/tex]2,240
- Year 3: \$2,240
1. Given Data for Year 1:
- The total cost in Year 1 is \[tex]$2,240. - The salesman is estimated to drive 20,000 miles in Year 1. 2. Calculating Cost Per Mile for Year 1: - To find the cost per mile, we divide the total cost by the number of miles. \[ \text{Cost Per Mile for Year 1} = \frac{2240}{20000} = 0.112 \text{ dollars per mile} \] 3. Estimating Total Cost for Year 2: - Assuming the cost per mile remains the same as in Year 1, we can calculate the total cost for Year 2. - The estimated distance to be driven in Year 2 is also 20,000 miles. \[ \text{Total Cost for Year 2} = \text{Cost Per Mile for Year 1} \times \text{Estimated Miles for Year 2} \] \[ \text{Total Cost for Year 2} = 0.112 \text{ dollars per mile} \times 20000 \text{ miles} = 2240 \text{ dollars} \] 4. Estimating Total Cost for Year 3: - Similarly, assuming the cost per mile remains consistent, we calculate the total cost for Year 3. - The estimated distance to be driven in Year 3 is also 20,000 miles. \[ \text{Total Cost for Year 3} = \text{Cost Per Mile for Year 1} \times \text{Estimated Miles for Year 3} \] \[ \text{Total Cost for Year 3} = 0.112 \text{ dollars per mile} \times 20000 \text{ miles} = 2240 \text{ dollars} \] 5. Summary of Costs: - Total Cost for Year 1: \$[/tex]2,240
- Total Cost for Year 2: \[tex]$2,240 - Total Cost for Year 3: \$[/tex]2,240
Thus, the calculated total costs for each of the three years are:
- Year 1: \[tex]$2,240 - Year 2: \$[/tex]2,240
- Year 3: \$2,240