Business Math

Business Math

Video

https://www.youtube.com/watch?v=Q_4ofo77UP8

Chapter 9.7: Renting a Vehicle

Pages 360-362

Objectives

• Solve for total cost and cost per mile

• Illustrate the price of travelling a distance

• Discuss the cost per person

Formula

Cost per Mile =Total Cost/Number of Miles

Joe Wozniak rented a standard SUV in Cleveland for 3 days at $49.95 per day plus $0.20 per mile. He purchased the collision waiver for $24.99 per day. Joe drove 468 miles and paid $66.70 for gasoline. What is the: (a) total cost to rent the SUV, (b) cost per mile to rent the SUV?

Step 1: Find the total cost.

Daily cost + Mileage cost + Collision waiver + Gasoline cost

($49.95 × 3) + ($0.20 × 468) + ($24.99 × 3) + $66.70

= $149.85 + $93.60 + $74.97 + $66.70 =$385.12=total cost

Step 2: Find the cost per mile.

Cost per Mile =Total Cost/Number of Miles

=$385.12/468

= $0.8229 = $0.82

Open Ended

Calculate the (a) total cost and (b) cost per mile.

Winona Perry rents a car for $30.00 a day for 4 days plus $0.22 per

mile and does not need CDW. She drives 430 miles and spends $59.90

on gasoline.

Answer

a. $274.50

b. $0.64

Task 2

You are moving from an apartment to a house and are planning to rent a 24-foot moving truck. You have two options.

Rent-a-Truck charges $39.95 plus $0.79 per mile.

Tom’s Rentals charges $49.95 plus $0.59 per mile.

For what number of miles is the price the same?

Step 1: Write an equation to represent each

company.

Rent a Truck: 39.95 + 0.79x

Tom’s Rentals: 49.95 + 0.59x

Open Ended

For what number of miles is the price the same? What is the cost?

4. Which company is the better deal if you only drive the moving van 40 miles? Explain.

5. For how many miles is Tom’s Rentals a better deal for a 16 foot truck? Explain.

• Rent-a-Truck charges $25.95 plus $0.79 per mile.

• Tom’s Rentals charges $39.95 plus $0.59 per mile.

Answer

50 miles; $79.45

Rent a Truck

More than 70 miles

Open Ended

You rent an 8-passenger van for a week to transport 8 people to a

convention in a city 1,240 miles away. The rate is $399.00 a week with

1,500 free miles and $0.25 per additional mile. The CDW fee is $165.00

for the week, and the estimated gasoline cost is $600.00. Determine the

round-trip cost (a) for total rental, (b) per mile, and (c) per person.

Answer

a. $1,409

b. $0.57

c. $176.13

Open Ended

A volunteer will give the main points of the lesson.