Is it worth your Time and Money?
You go grocery shopping at your favourite store, but then your husband points out that his favourite beer is 4 dollars cheaper if you buy it at another store. How much will it cost on fuel to buy cheaper-priced items at another location?
Your average miles per gallon is 24 The price of one gallon of fuel is $3.84 Distance from home to store A is 9.6 miles Distance from store A to store B is 3.6 miles The distance from store B to home is 11.4 miles Going to a different store because the items are cheaper saves you $1.85
First, calculate fuel cost per mile;
3.84 ÷ 24 = 0.16
It cost 0.16 to drive one mile.
Calculate the cost of gas to drive to store A
9.6 * 0.16 = 1.536
The cost of fuel driving from home to location A is $1.54
Calculate the cost of driving from location A to B;
3.6 * 0.16 = 0.576
The fuel cost for driving from A to B is $0.58
Calculate the cost of driving from location B to home;
11.4 * 0.16 = 1.824
The cost of gas for returning home from location B is $1.83.