Value rent a car rents a luxury car at a daily rate of $37.49 plus 20 cents per mile. A business person is allotted $130 for car rental each day. How many miles can the business person travel on the $130?
Accepted Solution
A:
Answer:In the allocated budget of $130 , the business person can travel 462.55 miles a day.Step-by-step explanation:The daily rate of car service = $37.49Cost per mile of the car = 20 cents = $ 0.20Total allocated budget for each day = $130Now, out of the total budget : The actual travelling budget = Total Budget - Daily car rate = $130 - $37.49 = $92.51So, the actual travelling budget each day = $92.41Now, [tex]\textrm{Number of total miles traveled } = \frac{\textrm{Actual traveling budget}}{\textrm{Rate per mile }}[/tex]= [tex]\frac{92.51}{0.20} = 462.55[/tex]or, the number of miles traveled = 462.55 milesHence, in the allocated budget of $130 , the business person can travel 462.55 miles a day.