- Number of Students Planning to Attend: 125
- Camp Charge Per Student: $100
- Total Cost for Facility: $12,500
- Instructor Costs: You have seven instructors available at no cost. With 125 students, you'll need to hire an additional eight instructors. The cost per instructor per day is now $150 (doubled from $75), totaling $1,200 per day for the additional instructors.
- Total Instructor Cost for Three Days: $3,600
- Total Costs So Far: $12,500 (facility) + $3,600 (instructors) + $1,000 = $17,100
- Cost Per Student: $17,100 / 125 = $136.80
- Camp Charge Per Student for Three Days: $150
- Profit Per Student: $150 - $136.80 = $13.20
- Gross Revenue: $150 x 125 = $18,750
- Total Expenses: $136.80 x 125 = $17,100
- Total Profit: $18,750 - $17,100 = $1,650 or $13.20 per attendee
To calculate the expenses and profit for a five-day camp, simply adjust the number of days for the instructor costs and other variable expenses, and follow the same formula.