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Real-Life Activities

Real-Life Math -- Solution

First, you'll want to calculate the total expense.

Multiply the number of people who will attend the seminar by the cost of each expense:

Food and beverage (35 x $12.50) = $437.50
Meeting room rental = $350
Printing and copying = $195
Speaker's fee = $275
Miscellaneous costs = $165

Total cost = $1,422.50

Now you need to calculate how much you will charge for the seminar:

$1,422.50 x 0.10 = $142.25

You would charge $142.25 for your services.

The total cost of the seminar would be:

$1,422.50 + $142.25 = $1,564.75

She's expecting 35 people, so the minimum charge per person would be:

$1,564.75 / 35 = $44.70

It will cost $44.70 for each person to attend the seminar. So yes, the stockbroker will hold the seminar.