Find the cost per mile to the nearest cent.
Annual operating cost:
Annual mileage: 11,700
Cost per mile: ?

Question

Find the cost per mile to the nearest cent. Annual operating cost: $$ \$ 3,200 $$ Annual mileage: 11,700 Cost per mile: ?

UpStudy AI · Accepted Answer

To find the cost per mile, you can use the formula:

$$
\text{Cost per mile} = \frac{\text{Annual operating cost}}{\text{Annual mileage}}
$$

Substituting the given values:

$$
\text{Cost per mile} = \frac{3200}{11700}
$$

Now, performing the division:

$$
\text{Cost per mile} \approx 0.2735
$$

To find the cost per mile to the nearest cent, we round this value:

$$
0.2735 \approx 0.27
$$

Thus, the cost per mile is approximately **$0.27**.
The cost per mile is approximately $0.27.

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