Seven employees attended a 5-day training to learn about a new product.
Release Time: $880 per day
Instructional Materials: $25 per person
Food: $95 per person
Travel: $275 per person
What was the total cost of food expenses?
Answer (2)
665
Explanation
Problem Analysis We are given that seven employees attended a training, and the food cost per person is $95. We need to find the total cost of food expenses.
Solution Strategy To find the total cost of food expenses, we multiply the number of employees by the food cost per person.
Calculation Total food cost = Number of employees × Food cost per person. Substituting the given values, we have: Total food cost = $7 \times $95 = $665.
Final Answer Therefore, the total cost of food expenses is $665.
Examples
Understanding the total cost of expenses, such as food, is crucial in budgeting for events or training programs. For instance, if a company plans a conference for its employees, knowing the cost per person for meals helps in estimating the overall expenditure. This calculation ensures that the company allocates sufficient funds and can make informed decisions about cost-saving measures without compromising the quality of the event. This approach is also applicable in personal budgeting, where tracking food expenses helps manage personal finances effectively.
The total cost of food expenses for seven employees attending a training is calculated by multiplying the number of employees by the food cost per person. This results in a total of $665. Thus, the total cost of food expenses is $665.
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