Answer :
Final answer:
The cost per person for the Spring Sports Banquet, if divided equally among 62 people, would be $8.75 per person.
Explanation:
The "cost per person" refers to the amount of money spent or required for each individual participating in an activity, event, or service. It is calculated by dividing the total cost of the activity or event by the number of people involved.
To calculate the cost per person for the Spring Sports Banquet if the total cost is $542.50 and it's to be divided equally among 62 people, you divide the total cost by the number of people.
Cost per person = Total cost ÷ Number of people
Cost per person = $542.50 ÷ 62
Cost per person = $8.75
Therefore, each person would need to pay $8.75 to cover the total cost of the banquet.