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Question

Laser Research, Inc., is sending their 5-person research team to a 3-day conference to learn a new automated lab procedure. One researcher earns $336 daily, 2 earn$360 daily, and 2 earn $390 daily. What will the 3-day conference cost Laser Research, Inc., in lost productivity for the 5 researchers?

Solution

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1×3×$336=$1,0081\times 3 \times \$336=\$1,008

2×3×$360=$2,1602\times 3 \times \$360 = \$2,160

2×3×$390=$2,3402\times 3 \times \$390 = \$2,340

The cost of release time is the product of the number of days, the number of persons and the daily cost of release time.

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