To calculate the cost per mile driven, we need to consider both variable and fixed expenses along with the total miles driven.
1. **Total expenses**:
Variable expenses: $2,510.60
Fixed expenses: $1,246.25
Total expenses = Variable expenses + Fixed expenses
= $2,510.60 + $1,246.25
= $3,756.85
2. **Cost per mile**:
Cost per mile = Total expenses / Miles driven
= $3,756.85 / 4,800 miles
≈ $0.7836 per mile
Therefore, the cost per mile driven, considering both variable and fixed expenses, is approximately $0.78 per mile.
