miscellaneous

Milo rents scooters for 90 days a year. He purchased the scooters, model lx50 for 4500 each. The scooters are driven average 225 km a day. The gas consumption is 33 km/l and gas costs 1.059/l. Milo's other expenses are 100 dollars a day.

If milo charges 70 dollars a scooter how many must he rent a day to break even?

2) if milo rents 4 scooters a day what the minimum he can charge and still break even?

3) if price of gas goes up to 1.109 a litre and Mille rents 4 scooters a day, how much must he charge to break even?

4) if he wants $200 profit per day, how many scooters must he rent?

1) be= fixed cost/ CM = 100/(70-(225/33x1.059)) = 1.6

2) 4x= 100+ 4(225/33x1.059) X= 32,22

3) 4x=100+4(225/33x1.109) X= 32,56

4) 200= 70x-100-(225/33x1.059)x 300= 62.8x X= 4.78

Thoughts?

Do your own homework.

^Agreed

You can't rent .78 of a scooter.

milo should have figured this out before entering the scooter rental rat race