Author Question: Hitz Video Rental is evaluating rental prices. Historical data show that Friday and Saturday have ... (Read 62 times)

student77 · **on:** Mar 6, 2021

Hitz Video Rental is evaluating rental prices. Historical data show that Friday and Saturday have twice the rentals of other days of the week. The following information pertains to the store's normal operations per week:

Average rentals per day on Friday and Saturday

1350

Average rentals per day on Sunday through Thursday

600

Store hours per day

12

Total units available for rent

10,000

Variable operating costs per hour

$43

Marketing costs per week

$1900

Customer service costs per week

$250

The store manager wants to charge more for rentals on Friday and Saturday. What is the minimum price that should be charged during peak rental days?
◦ $0.61
◦ $0.64
◦ $0.68
◦ $1.01

dlook33 · **Reply #1 on:** Mar 6, 2021

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