3.2.4 - Tire Cost
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Practice Questions
Test your understanding with targeted questions
What is the formula for estimating tire replacement cost?
💡 Hint: Think about how often a tire needs to be replaced.
How much percentage is generally added to tire replacement costs for repairs?
💡 Hint: It is a small percentage of the replacement cost.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is typically included in tire costs for equipment?
💡 Hint: Focus on direct costs associated with the tire's functionality.
True or False: Tire repair costs are included in the same category as fuel costs in budgeting.
💡 Hint: Separate your knowledge regarding maintenance and operational expenses.
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Challenge Problems
Push your limits with advanced challenges
If a tire set costs $2000 with each tire lasting 4000 hours and repair costs amounting to 10%, calculate the effective cost over 1000 hours of operation.
💡 Hint: Calculate on a per-hour basis first and multiply by the hours operated.
A contractor projects that their equipment will run for 2500 hours a year. They know the cost of tires will be $1000 per tire with a life span of 5000 hours. If they also consider a repair cost that is 15%, how much should they budget for tires each year?
💡 Hint: Separate base replacement and repair costs into yearly projections.
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