The cost of hiring a conference facility for one day consists of two parties,one which is fixed and the other varies aa the number of participants n attending a conference.If kshs45000 is charged for hiring the facility for 100 participants and kshs4000for 60 participants find the number of participants if n kshs 63000 is used to hire the facility

1 answer

To solve this problem, we need to find a relationship between the fixed cost of hiring the conference facility and the variable cost that depends on the number of participants.

Let's assume:

  • The fixed cost (constant) is \( C_f \).

  • The variable cost per participant is \( C_v \).

  • The total cost \( C(n) \) for \( n \) participants is given by the equation:

    \[ C(n) = C_f + C_v \times n \]

We have two scenarios given in the problem:

  1. For 100 participants, the cost is Kshs 45000: \[ C(100) = C_f + C_v \times 100 = 45000 \tag{1} \]

  2. For 60 participants, the cost is Kshs 40000: \[ C(60) = C_f + C_v \times 60 = 40000 \tag{2} \]

We can create a system of equations from these two scenarios. First, let's subtract equation (2) from equation (1):

\[ (C_f + C_v \times 100) - (C_f + C_v \times 60) = 45000 - 40000 \]

This simplifies to:

\[ C_v \times 40 = 5000 \]

From this, we can find \( C_v \):

\[ C_v = \frac{5000}{40} = 125 \]

Now we can substitute \( C_v \) back into either equation to solve for \( C_f \). Using equation (2):

\[ C_f + 125 \times 60 = 40000 \]

Calculating \( 125 \times 60 \):

\[ C_f + 7500 = 40000 \]

Now, solving for \( C_f \):

\[ C_f = 40000 - 7500 = 32500 \]

Now we have both costs:

  • Fixed cost \( C_f = 32500 \)
  • Variable cost \( C_v = 125 \)

Now, we can use these to find the number of participants \( n \) if Kshs 63000 is used:

\[ C(n) = C_f + C_v \times n \]

Setting \( C(n) = 63000 \):

\[ 63000 = 32500 + 125 \times n \]

Solving for \( n \):

\[ 63000 - 32500 = 125 \times n \]

This simplifies to:

\[ 30500 = 125 \times n \]

Now divide both sides by 125:

\[ n = \frac{30500}{125} = 244 \]

Therefore, the number of participants \( n \) if Kshs 63000 is used to hire the facility is 244 participants.