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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the formula for estimating tire replacement cost?
💡 Hint: Think about how often a tire needs to be replaced.
Question 2
Easy
How much percentage is generally added to tire replacement costs for repairs?
💡 Hint: It is a small percentage of the replacement cost.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is typically included in tire costs for equipment?
- Fuel Costs
- Replacement Costs
- Operator Wages
💡 Hint: Focus on direct costs associated with the tire's functionality.
Question 2
True or False: Tire repair costs are included in the same category as fuel costs in budgeting.
- True
- False
💡 Hint: Separate your knowledge regarding maintenance and operational expenses.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation