A training firm is planning to offer a one-day class at a local facility. The class is projected to have 50 students, each of whom will pay $25.00 to attend. The firm provides materials to each student (materials cost the firm $10.00 per student). What is the most the firm can afford to pay to rent the facility for one day?
A) $250.
B) $500.
C) $750.
D) $1,000.
E) $1,250.

Question

Quizplus · Accepted Answer

The firm will earn $1,250 from the students (50 students x $25 each). The cost of materials is $500 (50 students x $10 each). Therefore, the maximum amount the firm can afford to pay for rent is $750 ($1,250 - $500).

A Training Firm Is Planning to Offer a One-Day Class