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Summary Questionhe total operating cost for the truck is $400 000 per year. The percentage breakdo

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he total operating cost for the truck is $400 000 per yearQuestionhe total operating cost for the truck is $400 000 per year. The percentage breakdown of this total amount was: 40%: Fixed costs (insurance, registration, wages) 30%: Fuel 20%: Finance 10%: Maintenance (service, repairs, tyres) Suppose the fuel price increases from $1.50 to $1.60 per litre. How much does this add to the total operating cost per year?Answer & ExplanationTo determine how much the increase in fuel price adds to the total operating cost per year, we need to follow these steps:1.Calculate the Original Fuel Cost:oThe total operating cost is $400,000 per year.oFuel accounts for 30% of this total.oTherefore, the original fuel cost is (0.30 times 400,000 = $120,000).2.Determine the Original Price Per Litre and Consumption:oThe original price per litre was $1.50.oTo find out how many litres were consumed originally: [ text{Litres consumed} = frac{$120,000}{$1.50/text{li

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Question


he total operating cost for the truck is $400 000 per year. The percentage

breakdown of this total amount was: 40%: Fixed costs (insurance, registration,

wages) 30%: Fuel 20%: Finance 10%: Maintenance (service, repairs, tyres)

Suppose the fuel price increases from $1.50 to $1.60 per litre. How much does

this add to the total operating cost per year?




Answer & Explanation


To determine how much the increase in fuel price adds to the total operating

cost per year, we need to follow these steps:


1. Calculate the Original Fuel Cost:


o The total operating cost is $400,000 per year.


o Fuel accounts for 30% of this total.


o Therefore, the original fuel cost is (0.30 \times 400,000 =

$120,000).

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  • registration
  • repairs
  • he total operating cost for the truck is 400 000
  • wages 30 fuel 20 finance 10 maintenance s
  • tyres suppose the fuel price increases from 15
  • we need to follow these steps1calculate t

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