To calculate the transport cost:
\[ TC = \frac{D}{FE} \times FP \]
Where:
Transport cost is the total expense incurred to move goods or travel from one location to another. It is a critical component in logistics and personal budgeting. The cost is influenced by the distance traveled, the fuel efficiency of the vehicle, and the current fuel prices. Understanding transport costs is essential for businesses to price their products competitively and for individuals to manage travel expenses effectively.
Let's assume the following values:
Using the formula:
\[ TC = \frac{150}{25} \times 3 = 6 \times 3 = 18 \, \text{\$} \]
The Transport Cost is $18.00.
Let's assume the following values:
Using the formula:
\[ TC = \frac{200}{20} \times 3.5 = 10 \times 3.5 = 35 \, \text{\$} \]
The Transport Cost is $35.00.