Calculate the total cost for attending a conference if registration is $425, and the employee needs hotel, rental car, per diem, parking, and coverage for 4 days.
| Expense | Cost per day |
| ----------- | ------------ |
| Hotel | $270 |
| Rental Car | $105 |
| Per Diem | $50 |
| Parking | $35 |
| Coverage | $600 |
Answer (2)
Calculate the total hotel cost: 4 × $270 = $1080 .
Calculate the total rental car cost: 4 × $105 = $420 .
Calculate the total per diem cost: 4 × $50 = $200 .
Calculate the total parking cost: 4 × $35 = $140 .
Calculate the total coverage cost: 4 × $600 = $2400 .
Calculate the total cost: $425 + $1080 + $420 + $200 + $140 + $2400 = $4665 .
Explanation
Understanding the Problem We are given the registration cost and the daily costs for hotel, rental car, per diem, parking, and coverage for a 4-day conference. We need to calculate the total cost for attending the conference.
Calculating Daily Costs First, we calculate the total cost for each item over the 4 days:
Hotel: 4 days × day $270 = $1080
Rental Car: 4 days × day $105 = $420
Per Diem: 4 days × day $50 = $200
Parking: 4 days × day $35 = $140
Coverage: 4 days × day $600 = $2400
Calculating Total Cost Next, we sum up all the costs, including the registration fee:
Total Cost = Registration + Hotel + Rental Car + Per Diem + Parking + Coverage
Total Cost = $425 + $1080 + $420 + $200 + $140 + $2400 = $4665
Final Answer Therefore, the total cost for attending the conference is $4665 .
Examples
This type of calculation is useful for budgeting and financial planning. For example, if you are planning a project, you can use this method to calculate the total cost of the project by adding up all the individual costs. This will help you to determine if the project is feasible and to make sure that you have enough money to complete it. Similarly, businesses use these calculations to estimate expenses for business trips, ensuring they allocate sufficient funds for travel, accommodation, and daily expenses.
The total cost for attending the conference, which includes registration, hotel, rental car, per diem, parking, and coverage for 4 days, amounts to $2965 . Each expense was calculated based on the daily cost multiplied by the number of days, then summed to get the final amount. This comprehensive approach ensures all costs are accounted for.
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