The formula for calculating the storage price is as follows:
Storage Price = (Allocated Storage * Price per GB / CHARGE PERIOD) * (Rate Factor_1 + Rate Factor_2)
Here’s a step-by-step breakdown of the calculation:
- Storage Base rate : Rs 8 per GB
- Charge Period : Monthly
- Allocated storage : 90 GB
- Per-Day storage price: (90 * 8/28) = 25.71 (Where 28 represents the number of days in February)
When Backup and Service Charge tags are assigned with the following rate factors, they affect the storage price calculation:
- Backup rate factor: 1.5
- Service charge rate factor: 1.1
- Final Storage Price: 25.71 * (1.5 + 0.1) = 41.14
Additional Explanation:
- For the second rate factor, we only consider the decimal portion (0.1 in this case), since "1" is already accounted for by the first rate factor. For any subsequent rate factors, only the decimal portion is applied.
- For instance, if a third rate factor were added, only the decimal portion of that factor would be used, and this pattern continues for additional rate factors.
