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Question

The Laser Research Company is sending their 5-person research team to a 2-day conference to learn a new automated lab procedure. One researcher earns $157.80 daily, two earn$136.80 daily, and two earn $119.20 daily. What will the 2-day conference cost the Laser Research Company in lost productivity for the 5 researchers?

Solution

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Step 1:\textbf{Step 1:}

Find total daily cost. Since all of the costs are computed on a daily basis, we can add the individual costs to get total daily cost, then multiply by the number of days.

= $157.80 + ($136.80$\times2)+($119.202) + (\$119.20\times2)=$157.80+$273.60+$238.40=$669.802)\\ = \$157.80 + \$273.60 + \$238.40\\ = \$669.80\\Step 2:Findthetotaltrainingcost.=totaldailycost\textbf{Step 2:}\\ Find the total training cost.\\ = total daily cost\timesnumberofdays=$669.80number of days\\ = \$669.80\times2=$1,339.602\\ = \$1,339.60\\$$\textbf{Answer:}$

Total training cost = $1,339.60

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