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4 June, 12:19

Cheapest Car Rental rents cars at the Chicago airport. The rental market consists of two segments: the short term segment, which rents for an average of 0.5 weeks, and the medium-term segment, which rents for an average of 2 weeks. Cheapest currently rents an average of 200 cars a week to the short-term segment and 100 cars a week to the medium-term segment. How many customers per week go through the process?

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  1. 4 June, 16:19
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    The customers who go though the process per week are 450

    Explanation:

    1. Short term segment:

    number of cars rented per week is 200.

    Hiring period is 0.5 weeks

    Therefore number of customers is x?

    Equation : 0.5X = 200

    x=200/0.5

    = 400 customers

    2. Medium Term

    cars hired = 100

    Hiring period = 2 weeks

    Number of customers = y

    Equation 2y = 100

    y=100/2

    y=50

    The number of customer per week is 50

    The total number of customers who go through the process per week is therefore 400+50 = 450
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