John and his friends have set up a basketball tournament. He can rent a basketball field for a daily
charge of $210 and equipment for $160 per day. If he hires independent umpires, he would need
to pay $260 for the day. He would arrange caps for each player at the cost of $4 each. If John can
get 90 people to participate, what would he have to charge each of them to recover the cost?
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Answer:
He would have to charge $ 11 per day
Step-by-step explanation:
Given,
Rent of the basketball field = $210,
equipment cost = $ 160,
Spending on empires = $260,
Cost of cap for each player = $ 4,
⇒ Cost of cap for 90 players = $ 360,
So, the total cost = 210 + 160 + 260 + 4 + 360 = $ 990,
Hence, the charge on each player to recover the expending =
= $ 11
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