Vehicles are rented for a fixed price per hour of $25. There is also a daily charge of $25 for insurance. There is also a $0.25 charge for miles. Tanks must be returned full. It costs $8 for every 10% missing from the tank. Days are rounded up. Hours are rounded up to half hours, but no charges are accrued between 7:30 pm and 6 am. There is a $100 admin fee to drive the vehicle of the lot.
Define this contract as follows, but take into consideration that other ways may lead to the same result:
Charge Category |
Subcategory |
Charge Level |
Invoice |
Rate |
Adjustments |
||
---|---|---|---|---|---|---|---|
% Before |
Max. |
Free Up To |
|||||
Usage Charges |
Hourly Rent |
Transaction |
Yes |
$25 |
|||
Usage Charges |
Daily Insurance |
Transaction |
Yes |
$35 |
|||
Usage Charges |
Usage Based |
Transaction |
Yes |
$0.25 |
|||
One Time Charge |
Beginning of Contract |
Transaction |
Yes |
$100 |
|||
One Time Charge |
Fuel Charge |
Transaction |
Yes |
$8 |
The vehicle was issued on Monday at 10:20 am and was returned on Wednesday at 2:13 pm and was driven for 250 miles. The car came back with the tank 50% full, rather than 100%.
The Invoice will be $1,082.50:
Charge Category |
Subcategory |
Charge Level |
Amount |
---|---|---|---|
Usage Charges |
All |
Charge Category |
$942.50 |
One Time Charges |
All |
Charge Category |
$140 |
Usage Charges |
Hourly |
Charge Subcategory |
31*$25 = $775 |
Usage Charges |
Daily |
Charge Subcategory |
$105 |
Usage Charges |
Usage Based |
Charge Subcategory |
$62.50 |
One Time Charges |
Beginning of Contract |
Charge Subcategory |
$100 |
One Time Charges |
Fuel Charge |
Charge Subcategory |
$40 |