A contractor can purchase a dump truck for P850,000. It is estimated that if sold at the end of 7 years it wil have a value of P100,000. Its estimated annual maintainance cost is P12,000 and daily operating expenses are estimated to be P320, including the wage of the driver. It is also possible to hire a similar unit for P1,200 a day including fuel cost. If money is worth 10%, how many days a year the dump truck to be used to justify the purchase of the truck?

A contractor can purchase a dump truck for P850,000. It is estimated that if sold at the end of 7 years it wil have a value of P100,000. Its estimated annual maintainance cost is P12,000 and daily operating expenses are estimated to be P320, including the wage of the driver. It is also possible to hire a similar unit for P1,200 a day including fuel cost. If money is worth 10%, how many days a year the dump truck to be used to justify the purchase of the truck?

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter2: Working With Real Numbers

Section2.3: Rules For Addition

Problem 6P

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