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Determine the total rental cost. A company plans to rent some equipment for 2 days. The daily rental charges are: concrete power buggy, $75; power trowel,$55, concrete mixer, $65; and laser level,$55. A flat fee of $85.00 for delivery and pickup of the equipment is also subject to the 8% usage tax.

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Final answer:

The total rental cost for the equipment, including the daily charges, flat fee, and taxes for 2 days, is $631.80.

Step-by-step explanation:

To determine the total rental cost, the daily rental charges for each piece of equipment need to be added up and then multiplied by the number of days the equipment is rented. Afterward, the flat fee needs to be added, followed by the calculation of the usage tax on the total amount.

First, let's calculate the daily total for the rental equipment:

  • Concrete power buggy: $75
  • Power trowel: $55
  • Concrete mixer: $65
  • Laser level: $55

The sum of these daily charges is $75 + $55 + $65 + $55 = $250.

Since the equipment is rented for 2 days, we need to multiply the daily total by 2:

$250 × 2 = $500

Now, add the flat fee for delivery and pickup:

$500 + $85 = $585

Finally, we need to calculate the 8% usage tax on the total amount:

Tax = $585 × 0.08 = $46.80

Adding the tax to the subtotal:

$585 + $46.80 = $631.80

Therefore, the total rental cost for the equipment, including the flat fee and taxes, is $631.80.

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