Assignment:
A student at Brown U wants to become his own employer by using his car as a taxi for the summer. It costs the student $120.00 a month to insure his car for the 4 months of summer. He estimates to spend $440.00 per month on gas. If he lives at home and has no other expenses and charges an average of $12.00 per fare, how many fares will he have to get in order to pocket $6,000.00 at the end of summer? (Insurance and gas not deducted yet)
How many fares will he have to average monthly to make his goal by the end of the summer?
Provide complete and step by step solution for the question and show calculations and use formulas.