Explanation Given Information: Table is provided from question 9: Distance driven (mi) Full size rental: Total Cost Driving own car: Total Cost 0 $ 103.47 $ 0.00 100 $ 142.47 $ 63 200 $ 181.47 $ 126 300 $ 220.47 $ 189 400 $ 259.47 $ 252 500 $ 298.47 $ 315 600 $ 337.47 $ 378 700 $ 376.47 $ 441 Calculation: Formula for calculation of total cost: y = 103.47 + 0.39 × x Here, y is the total cost for full-size rental and x is the mileage or distance driven per mile. Then, y = 0.63 × x Here, y is the total cost for driving your own car and x is the mileage or distance driven per mile. Here it is asked what should be the number of miles driven so that the total costs would be just the same for renting and driving. This can be found by equating the above two equations. 0.63 x = 103.47 + 0.39 x 0.24 x = 103

1st Edition

ISBN: 9781259218859

Author: David Sobecki Professor, Brian A. Mercer

Publisher: McGraw-Hill Education

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Chapter 2.8, Problem 10G

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When it would be cheaper to drive own car and when it would be cheaper to rent a full-sized car.

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Chapter 2.8, Problem 9G

Chapter 2.8, Problem 11G

Chapter 2 Solutions

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When it would be cheaper to drive own car and when it would be cheaper to rent a full-sized car.

Solution Summary: The author explains that it is cheaper to drive own car when it's less than 431.125 miles and to rent a car if the distance is greater than that.

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When it would be cheaper to drive own car and when it would be cheaper to rent a full-sized car.

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