Question

To @waterineyes

Answer 1

Sorry docx extension does not work on my pc..

Can you send .doc or is there any other way so that I can see it??

Answer 2

I will find way. Thanks a lot

Answer 3

Wait, I can help.

Answer 4

"Hi! Can you please help me solve this? I will Try to solve too and let you know in a minuete.
The following table shows several facts about hybrid and nonhybrid car.
Vehicle Purchase Mileage rating Tax Credit
Hybrid $29,500 28miles per galloon $2200
Nonhybrid $25000 20 miles per galloon None

If the average price of the gas will be $1.95 per gallon, how many miles of driving will it take before fuel savings of the hybrid will make up for its greater initial lost."

Answer 5

Hi! Can you please help me solve this? I will Try to solve too and let you know in a minuete.
The following table shows several facts about hybrid and nonhybrid car.
Vehicle Purchase Mileage rating Tax Credit
Hybrid $29,500 28miles per galloon $2200
Nonhybrid $25000 20 miles per galloon None

If the average price of the gas will be $1.95 per gallon, how many miles of driving will it take before fuel savings of the hybrid will make up for its greater initial lost.

Answer 6

@waterineyes here they help me post. Thanks @Champs

Answer 7

Find the break even point.

Answer 8

Sorry, no clue..

Answer 9

@waterineyes I solve it last night and my answer is 11,077miles

Answer 10

Wait let me try..

Answer 11

but I am not sure.

Answer 12

@waterineyes Thanks a lot

Answer 13

@Champs if you know how to solve this then go ahead my friend..

Answer 14

Put x kilometer and equate both. Actually that point is called break even point.

Answer 15

What I did is First I calculated the Initial Cost. Hybrid 29500-2200=27300
non hybrid which is 25,000
then is subtracted them and get 2300 initial cost @waterineyes @Champs

Answer 16

( Initial cost + running cost) Non hybrid = ( Intial cost+ running cost) of Hybrid. I'm not sure about what's is tax credit. If it's a benefit take +ve. otherwise -ve.

Answer 17

@waterineyes @Champs then i subtracted the mile age 28-20=8mpg

Answer 18

I think it will be positive because it is being credited and not debt..

Answer 19

Ok (29500- 2200) + (x/28) x 1.95 = 2500 + (x/20) x 1.95. Now can you solve.

Answer 20

I think we should call here someone more intelligent in solving these types of problems..

Answer 21

I will try

Answer 22

Oops that's 25000 not 2500. Please note.

Answer 23

I think it is right..

Go ahead first solve what Champs has suggested to you..

Answer 24

Thanks @Champs @waterineyes

Answer 25

Please let me know the answer..:) I want to cross check it.

Answer 26

@Champs 2661.75x=2437.5x?

Answer 27

No..

Answer 28

@waterineyes why? how?

Answer 29

27300+ 0.0696x = 25000+ 0.0975 x

Answer 30

Go slowly..

Champ will explain you..

Answer 31

27,300-25000=0.0975x-0.0696x

Answer 32

I'm getting 82437..:P

Answer 33

Please cross check.

Answer 34

82437.27

Answer 35

Is that's one of your option?

Answer 36

@Champs my classmate has 82 565

Answer 37

Pretty close..

Let me try now..

Answer 38

Okay..take more decimals when you divide 1.95/28 and by 20

Answer 39

Both the answers of yours matching then how are you both incorrect.

Answer 40

it depends on how many decimal places you are taking.

Answer 41

so when I take more decimal I will be close to 82 565

Answer 42

I guess this answer is fine.:)

Answer 43

We've taken four decimals right? More than enough. Or your friend might have used some othere method which doesn't involve decimals at all.

Answer 44

I will show you hoe he did @Champs

Answer 45

Okay.

Answer 46

1.95/28x-1.95/20x=2300

Answer 47

This is exactly where we are reaching finally right?

Answer 48

1.95(28x-20x/20x times 28=2300

Answer 49

8/560=2300/1.95=1179.5

Answer 50

1.95/28 = 0.0696 .......

Answer 51

x/70=1179.5 x=1179.5x70=82565

Answer 52

Okay. So this is more accurate I think. As he didn't use the decimals.

Answer 53

Thanks @Champs here is a medal for you.

Answer 54

You are welcome and thanks for the problem. Actually these are business types of problem. Helps in making decisions. You'll do lot of such problems if you go for MBA sort of things.:) Keep posting.@nia_maepenix