Business Finance: TRAVEL AGENT: DESIGN A TRIP Travel Agent ... · L10.1 Travel Agent: Road Trip 1....

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Transcript of Business Finance: TRAVEL AGENT: DESIGN A TRIP Travel Agent ... · L10.1 Travel Agent: Road Trip 1....

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

TRAVEL AGENT: DESIGN A TRIP

Planning vacations for yourself and others can be rewarding.

Business Finance:Travel Agent:

Road Trip

Don’t get caught short on money. Know how much the trip is going to cost

you before you go.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Lesson Objective

Students will learn how to calculate gas costs for a road trip.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Calculations

Total MileageCar’s MPG

Gallons Used x Cost per Gallon = Fuel Cost

= Gallons Used

Distance Car Can Travel = Tank Size x MPG

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Cost

When planning a road trip it is valuable to know how much it is going to cost. To calculate this cost there are 3 things you need to know?

1. Distance being driven.2. The car’s MPG.3. The current cost of gas.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- DistanceLet’s plan a road trip from

Sacramento, CA to Los Angeles, CA.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Distance

My mapping program tells me

that it is a 388 mile trip one way.

I want to go there and then come home, so I will

double those miles.The total trip is

776 miles.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- MPG

My car gets 30 MPG.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Cost of Gas

My car gets 30 MPG.

The current cost of gas is an average of

$2.50 per gallon.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Need to Know

So the three things we need to do the math are:

1. Distance being driven.• 776 miles

2. The car’s MPG.• 30 MPG

3. The current cost of gas.• $2.50 per gallon

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

Total MileageCar’s MPG

Gallons Used x Cost per Gallon = Fuel Cost

= Gallons Used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

776 miles30

Gallons Used x Cost per Gallon = Fuel Cost

= Gallons Used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

776 miles30

Gallons Used x Cost per Gallon = Fuel Cost

= 25.87 gallons used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

776 miles30

25.87 gallons used x $2.50 per gallon = Fuel Cost

= 25.87 gallons used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

776 miles30

25.87 gallons used x $2.50 per gallon = $64.68

= 25.87 gallons used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Practice

Practice with these numbers:1. Distance being driven.

• 2,500 miles2. The car’s MPG.

• 20 MPG3. The current cost of gas.

• $3.50 per gallon

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Calculations

2,500 miles20

125 gallons used x $3.50 per gallon = $437.50

= 125 gallons used

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Car’s Distance

One more thing that is valuable to know is how far the car can travel before it will need to be refueled. To answer this you need to know?

1. The size of the car’s tank.2. The car’s MPG.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Car’s Distance

My car gets 25 MPG. The car has a

10 Gallon tank.

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Need to Know

So the two things we need to do the math are:

1. Car’s Tank Size.• 10 Gallons

2. The car’s MPG.• 25 MPG

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Car’s Distance

Distance Car Can Travel = Tank Size x MPG

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Car’s Distance

Distance Car Can Travel = Tank Size x MPG

Distance Car Can Travel = 10 Gallons x 25 MPG

Distance Car Can Travel = 250 Miles

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

Road Trip- Car’s Distance

Distance Car Can Travel = Tank Size x MPG

Distance Car Can Travel = 10 Gallons x 25 MPG

Distance Car Can Travel = 250 Miles

This information becomes important when you are planning how far you can travel

before you need to get more gas. Nothing is worse than being able to drive 250

miles, but having 300 miles to the next gas station!

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

1. What 3 things do you need to know to calculate the cost of a road trip?

2. What will the cost of a road trip be for:•500 miles driven•40 MPG•$3.00 per gallon

Review:

Copyright 2014 © W. Seth HunterConsumerMath.org

L10.1 Travel Agent: Road Trip

1. What 3 things do you need to know to calculate the cost of a road trip?

2. What will the cost of a road trip be for:•500 miles driven•40 MPG•$3.00 per gallon

1. Distance being driven.2. The car’s MPG.3. The current cost of gas.

$37.50

Review: