Answer:
Total cost= 99 + 2.97x
Step-by-step explanation:
Giving the following information:
Fixed cost= $99
Variable cost= 3% per person
First, we need to calculate the 3% of 99:
Unitary variable cost= 99*0.03= $2.97
Now, we establish the total cost structure:
Total cost= 99 + 2.97x
x= number of people in attendance
Finally, suppose 200 people attend the party:
Total cost= 99 + 2.97*200
Total cost= $693
