SOLUTION: A downtown employee is looking for the best option for parking a car during a 5 day work week. One parking garage offers unlimited parking at a flat rate per month. Another garage

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Question 762707: A downtown employee is looking for the best option for parking a car during a 5 day work
week. One parking garage offers unlimited parking at a flat rate per month. Another garage
offers an hourly rate for parking. Which option is best for the employee on a monthly basis?

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Since there are 13 weeks in a quarter of a year and 3 months in a quarter of a year, and 5 days per week, there are working days per month. Then if represents the average total time parked each day (actual time working plus the time to walk from and to the parking garage each day, on average), is the total hours parked each month. The monthly cost of the garage that charges an hourly rate is then . Compare with the flat monthly rate. The smaller one is the better deal. If they are very close, check with the boss about the probability of overtime. The hourly rate place will cost you extra if you do overtime, but you will save a bundle any time you take a few days vacation.

John

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