Question

A university is planning an online seminar. It costs $30 to live stream an instructor from Elbonia. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even

Answer 1

Answer: $26.50

Step-by-step explanation:

Total Cost = $30 + $500

Total Cost = $530

Price per Person = $530÷20

Price per Person = $26.50

So, to break even, the university should charge $26.50 per person for the seminar.

Answer 2

$26.50

Step-by-step explanation: