I am at work and have a customer asking this question. We do not do this on a normal rate and not sure how to figure it out. Please help!
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If we are charging $100 a week for $20 a week that is $2,000. What I need to see is, if the product takes up 16.99 cubic meters, then how much are we charging per cubic meter?

I assume that you mean you were charging $100 a week for 20 weeks rather than what you actually typed into your question, above.

That means you have been charging $2000 to store a product that takes up 16.99 cubic metres.

So, the charge rate is: $2000 per 16.99 cubic metres.

i.e. Rate = $2000/16.99 per unit cubic metre.

And 2000/16.99 = 117.7163 = 117.72 to 2 dp

Your charge rate then is: $117.72 per cu. metre per 20 week period.

You should note that, since you are storing for a 20 week period, then your charge is not so much per cubic metre, but so much per cubic metre for 20 weeks.

You could change this into a weekly rate as: $5.89 / cu metre / week.

 

by Level 11 User (81.5k points)
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