SOLUTION: I have a rental car company and trying to figure out a problem. If I charge $139.95 per week and I lease 2 cars per week, how do I figure my yearly profit for the year see as I am

Question 387124: I have a rental car company and trying to figure out a problem. If I charge $139.95 per week and I lease 2 cars per week, how do I figure my yearly profit for the year see as I am increasing my income by 2 cars per week. I am looking for the formula to use in excel
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I have a rental car company and trying to figure out a problem.
If I charge $139.95 per week and I lease 2 cars per week, how do I figure my yearly profit for the year see as I am increasing my income by 2 cars per week. I am looking for the formula
------------
1st week: cars = 2 ; profit = 2*139.95
2nd week: cars = 4 ; profit = 4*139.95
3rd week: cars = 6 ; profit = 6*139.95
...
...
52nd week: cars = 104 ; profit = 104*139.95
----------------
Find the sum for the year:
S(52) = (52/2)(2*139.95 + 104*139.95)
---
= 26(106*139.95)
= $305,702.20
====================
Cheers,
Stan H.

RELATED QUESTIONS
Car rental agency A will rent a compact car for $35 per day and an additional charge of... (answered by bucky)

I was working on this, and have an idea of how to figure it out, but don't really... (answered by josgarithmetic,MathTherapy)

I need help with renting a car. The rental place will charge me $300.00 a week plus $0.15 (answered by addingup)

I am trying to work this word problem and cannot figure out where to start. Thanks for... (answered by ankor@dixie-net.com)

I have literally spent an entire day on this question. I think that it must be an... (answered by scott8148,kensson)

A car rental company charges $22.95 per day and 10 cents a mile to rent their cars. If a... (answered by rfer)

I am trying to solve this word problem about buying a car. How do I set this up to solve? (answered by richwmiller)

You need to rent a car and compare the charges of three different companies. Company A... (answered by psbhowmick)

a car rental company,charges $125 per week plus 20 cents per kilometer to rent one of... (answered by TimothyLamb)