Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce has determined that if she drives 3,300 miles in a month, her total operating cost is $875. If she drives 4,400 miles in a month, her total operating cost is $1,095. Joyce has used the high-low method to determine that her monthly cost equation is total monthly cost = $215 + $0.20 per mile driven. Required: 1. Determine how many miles Joyce needs to drive to break even. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)
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20 per mile. Let's represent the total monthly cost as C and the number of miles driven as M. Show more…
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