how many miles would you have to drive?

Question

Suppose you are shopping for a new car, and you've narrowed your search to two options: A $25980 regular car whose fuel consumption is 23 miles per gallon, And a $27804 hybrid car whose fuel consumption is 47 miles per gallon.  If the cost of gas is $2.6 per gallon, how many miles would you have to drive the hybrid car in order for the gas savings to recover the difference in the cost of the two cars?

Answer 1

Difference in cost of cars is 27804 - 25980 = $1824

 

$1824/$2.60 per gallon = 701.5385 gallons of gas.

 

 

701.5385 gallons of gas will get the hybid car (701.5385 gallons * 47 miles/gallon) = 32,972.3077 miles.

 

Would have to drive the hybrid 32,973 miles to recover the $1824 difference in price of cars.