Calculate the total cost for attending a conference if registration is $400, and the employee needs a hotel, rental car, per diem, parking, and coverage for 3 days.
| Expense | Cost per day |
| ----------- | ----------- |
| Hotel | $200 |
| Rental Car | $80 |
| Per Diem | $50 |
| Parking | $30 |
| Coverage | $200 |
Answer (2)
Calculate the total hotel cost: 3 × $200 = $600 .
Calculate the total rental car cost: 3 × $80 = $240 .
Calculate the total per diem cost: 3 × $50 = $150 .
Calculate the total parking cost: 3 × $30 = $90 .
Calculate the total coverage cost: 3 × $200 = $600 .
Calculate the total expenses: $600 + $240 + $150 + $90 + $600 = $1680 .
Calculate the final total cost: $400 + $1680 = $2080 .
Explanation
Understanding the Problem We need to calculate the total cost for attending a conference. The registration fee is $400. We also need to account for the hotel, rental car, per diem, parking, and coverage costs for 3 days.
Calculating Hotel Cost First, let's calculate the total cost for the hotel for 3 days. The hotel costs $200 per day, so for 3 days, the total cost is: 3 × $200 = $600
Calculating Rental Car Cost Next, let's calculate the total cost for the rental car for 3 days. The rental car costs $80 per day, so for 3 days, the total cost is: 3 × $80 = $240
Calculating Per Diem Cost Now, let's calculate the total per diem cost for 3 days. The per diem is $50 per day, so for 3 days, the total cost is: 3 × $50 = $150
Calculating Parking Cost Let's calculate the total parking cost for 3 days. Parking costs $30 per day, so for 3 days, the total cost is: 3 × $30 = $90
Calculating Coverage Cost Now, let's calculate the total coverage cost for 3 days. The coverage costs $200 per day, so for 3 days, the total cost is: 3 × $200 = $600
Calculating Total Expenses Now, let's add up all the expenses for the 3 days: $600 ( h o t e l ) + $240 ( re n t a l c a r ) + $150 ( p er d i e m ) + $90 ( p a r kin g ) + $600 ( co v er a g e ) = $1680 So, the total cost of all expenses for 3 days is $1680.
Calculating Final Total Cost Finally, let's add the registration cost to the total expenses to find the final total cost: $400 ( re g i s t r a t i o n ) + $1680 ( t o t a l e x p e n ses ) = $2080 Therefore, the total cost for attending the conference is $2080.
Examples
Imagine you're planning a business trip to attend a conference. Calculating the total cost, including registration, accommodation, transportation, daily expenses, and additional coverage, helps you create an accurate budget. This ensures you have sufficient funds for the trip and can manage your expenses effectively. Understanding these costs also allows you to compare different conference options and make informed decisions about which one best fits your budget and professional development needs.
The total cost for attending the conference is calculated by summing all the expenses related to hotel, rental car, per diem, parking, and coverage for 3 days, along with the registration fee. The final total cost comes to $2080. This includes $1680 in additional expenses plus a $400 registration fee.
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