Calculate the total cost for attending a conference if registration is $450, and the employee needs hotel, rental car, per diem, parking, and coverage for 3 days.
| Expense | Cost per day |
| ----------- | ------------ |
| Hotel | $220 |
| Rental Car | $90 |
| Per Diem | $60 |
| Parking | $25 |
| Coverage | $250 |
Answer (2)
Calculate the total hotel cost: 3 × $220 = $660 .
Calculate the total rental car cost: 3 × $90 = $270 .
Calculate the total per diem cost: 3 × $60 = $180 .
Calculate the total parking cost: 3 × $25 = $75 .
Calculate the total coverage cost: 3 × $250 = $750 .
Calculate the total daily expenses: $660 + $270 + $180 + $75 + $750 = $1935 .
Calculate the final total cost: $450 + $1935 = $2385 .
Explanation
Understanding the Problem We need to calculate the total cost for attending a conference. The expenses include a fixed registration fee and daily costs for hotel, rental car, per diem, parking, and coverage. We are given the cost per day for each of these expenses and the number of days the employee will be attending the conference.
Calculating Total Daily Expenses First, we calculate the total cost for each daily expense by multiplying the cost per day by the number of days (3).
Calculating Individual Costs The total hotel cost is calculated as: 3 × $220 = $660 The total rental car cost is calculated as: 3 × $90 = $270 The total per diem cost is calculated as: 3 × $60 = $180 The total parking cost is calculated as: 3 × $25 = $75 The total coverage cost is calculated as: 3 × $250 = $750
Summing Daily Expenses Next, we sum up all the total daily expenses to find the total cost of daily expenses: $660 + $270 + $180 + $75 + $750 = $1935
Calculating Final Total Cost Finally, we add the registration cost to the total daily expenses to find the final total cost: $450 + $1935 = $2385
Final Answer Therefore, the total cost for attending the conference is $2385 .
Examples
Imagine you are planning a business trip. You need to account for registration fees, daily expenses like hotel, transportation, meals, and other coverage costs. By calculating the total cost, you can budget effectively and ensure you have sufficient funds for the entire trip. This type of calculation is essential for financial planning in both personal and professional contexts, helping you make informed decisions about resource allocation.
The total cost for attending the conference includes a registration fee of $450 and various daily expenses that sum up to $1935 over three days. By adding these costs together, the final total is $2385. This calculation helps in effective budgeting for the conference attendance.
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