Worked examples / Buying something
A $150 cordless drill kept five years, used six times a year, when renting is $25 a time.
It costs you $4.00 a use. The other way is $25.00.
This is a worked example with illustrative figures, not data about any real person or company. Change any of them in the calculator and the answer changes with them.
How this answer was worked out| Net cost | $150 - $30 = $120 |
| Total uses | 6 x 5 = 30 |
| Cost per use | $120 / 30 = $4.00 |
| Uses to break even | 4.8 |
| Paying each time | $750 |
Every formula is written out on the formulas page.
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