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Calculate the costs for food, exhibition materials, and administrative costs for the Open-door day in 2023, given the total cost and the ratio of expenses.

Business/Management

ScanSolve AI Answer

Here are the solutions to the questions:

I. Cost Calculation

a) Find each of these costs for the Open-door day in 2023
The total cost in 2023 was 1,500,000 FCFA1,500,000\,\text{FCFA}. The costs are divided in the ratio 3:6:1 for food, exhibition materials, and administrative costs, respectively.
The sum of the ratio parts is 3+6+1=103 + 6 + 1 = 10.

Step 1: Calculate the cost of food.

Cost of food=310×1,500,000 FCFA\text{Cost of food} = \frac{3}{10} \times 1,500,000\,\text{FCFA} Cost of food=450,000 FCFA\text{Cost of food} = 450,000\,\text{FCFA}
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