Business, 24.09.2021 14:00 kayranicole1

A truck costs sh 3000,000. The annual running cost (sh 000) and the resale price (sh 000) in a given year is as follows:- Year (End)
1
2
3
4
5
6
7

Running cost
400
500
600
700
800
1100
1300

Selling price
2100
1300
1000
750
500
300
300

The truck may be replaced by a second hand one too, which may be one, two up to six years old. The cost (sh 000) of buying a truck of various ages follows:
Age of lorry (years)
1
2
3
4
5
6

Purchase price
2400
1700
1400
1100
800
700

Required: Given this possibility, determine the optimal age to buy and sell the truck

Answers: 1

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A truck costs sh 3000,000. The annual running cost (sh 000) and the resale price (sh 000) in a given...

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