Enter the daily charter rate ($/day) and the total length of the charter (days) into the Calculator. The calculator will evaluate the Charter Cost. 

Charter Cost Formula

CHRC = DR * T

Variables:

  • CHRC is the Charter Cost ($)
  • DR is the daily charter rate ($/day)
  • T is the total length of the charter (days)

To calculate the Charter Cost, multiply the daily charter rate by the length of the trip.

How to Calculate Charter Cost?

The following steps outline how to calculate the Charter Cost.

  1. First, determine the daily charter rate ($/day). 
  2. Next, determine the total length of the charter (days). 
  3. Next, gather the formula from above = CHRC = DR * T.
  4. Finally, calculate the Charter Cost.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

daily charter rate ($/day) = 1000

total length of the charter (days) = 10