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Rental Car Cost Analysis Price Quoted as of June 30, 2022 Car Rental Contract Terms Customer-related data Car type: Mid-size Number of weeks renting car:

Rental Car Cost Analysis
Price Quoted as of June 30, 2022
Car Rental Contract Terms Customer-related data
Car type: Mid-size Number of weeks renting car: 2
Weekly rental car charge: $175.00 Estimated number of miles to drive: 350
Charge per mile: $0.18
Gas-related data
Average miles per gallon for car 20
Average cost per gallon of gas $4.80
Quote Customer Projected Costs of:
Car charge $ 350.00
Mileage charge 63.00
Gas expenses 84.00
Total projected car rental expense $ 497.00

Your task is to help the owner with her rental expense options.

a. If Mrs. Jones wants to spend the exact total amount of $500 on her projected car rental expense, the gasoline price per gallon must be (answer in 4 decimal points) type your answer... (hint: use Goal Seek for this question).

b. With the current fluctuation in gasoline prices, vary the prices between $4.20 per gallon and $5.80 per gallon, incremented by 20 cents and vary the estimated number of miles to drive between 325 and 450, incremented by every 25 miles (hint: create a 2-input data table). -

- If the estimated number of miles driven is 325, for a projected car rental expense of $500 the price range for gasoline must be __________per gallon.

- If the estimated number of miles driven is 375, for a projected car rental expense of $500 the price range for gasoline must be __________per gallon.

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