Question: Problem 7 - 1 1 ( Algo ) Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at
Problem Algo
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of cents per mile. Aldo estimates that his fixed costs per yearsuch as taxes, insurance, and depreciationare $ The direct or variable costssuch as gas, oil, and maintenanceaverage about cents per mile
How many miles must he drive to break even?
Note: Do not round intermediate calculations. Roundup your answer to the next whole number.
Break even point
miles
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