Let p be the number of people we want to host, then we can set the following equation:
Where C is the total cost. Therefore, if p=50 we get:
If the budget is $1500, setting C=1500 and solving for p we get:
Therefore, you can invite 73 people.
Answer: The total cost to host 50 people is $1267.5. If the budget is $1500, you can invite 73 people.