Edward A. answered 08/25/19
High School Whiz Kid Grown Up--I've even tutored my grandchildren
Stone, you probably know how to do the math once you’ve translated the problem from English to math.
First, give a name to each quantity:
Let m be the miles per day at the break even point.
Now, write equations for each relationship that we know of:
What is the cost of renting from A?
costA = 70 + .20 * m
What is the cost of renting from B?
costB = 40 + .30 * m
What do we want to know? We want the value of m that makes costA = costB.
70 + .2*m = 40 + .3*m
So solve this for m
Then, For Company A to have a better deal, the truck must be driven more than m miles per day