Question

A stadium has direct staffing costs of $108,000. Overhead costs (social security, medicare, worker's compensation, etc.) cost the stadium an additional 15%. What is the total staffing cost?

Answer 1

9514 1404 393

Answer:

  $124,200

Step-by-step explanation:

We have ...

  staffing cost = (direct cost) + 0.15·(direct cost)

  staffing cost = (direct cost) · 1.15 = ($108,000)(1.15)

  staffing cost = $124,200