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A training program costs $2,500 and is attended by 40 employees. What is the cos

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Question: A training program costs $2,500 and is attended by 40 employees. What is the cost per employee?

Options:

  1. $50
  2. $60
  3. $70
  4. $80

Correct Answer: $50

Solution: 

Cost per employee is calculated as $2500 / 40 = $62.50.

A training program costs $2,500 and is attended by 40 employees. What is the cos

Practice Questions

Q1
A training program costs $2,500 and is attended by 40 employees. What is the cost per employee?
  1. $50
  2. $60
  3. $70
  4. $80

Questions & Step-by-Step Solutions

A training program costs $2,500 and is attended by 40 employees. What is the cost per employee?
  • Step 1: Identify the total cost of the training program, which is $2,500.
  • Step 2: Identify the number of employees attending the training program, which is 40.
  • Step 3: To find the cost per employee, divide the total cost by the number of employees: $2,500 ÷ 40.
  • Step 4: Perform the division: $2,500 ÷ 40 = $62.50.
  • Step 5: The result, $62.50, is the cost per employee.
  • Cost Allocation – Understanding how to divide total costs among participants to find the individual cost.
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