Assume that only 250 persons attended the extravaganza

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Reference no: EM13614288

Dinner (per person)................................$7

Favors and programs (per person)..........$3

Band......................................................$1,500

Tickets and advertising...........................$700

Riverboatrental.....................................$4,800

Floorshow and strolling entertainers.......$1,000

The commitee members would like to charge $30 per person forthe evening's activities.

1. Compute the break-even point for the Extravaganza (in termsof the number of persons that must attend).

2. Assume that only 250 persons attended the Extravaganza lastyear. If the same number attend this year, what price per ticketmust be charged to break even?

Reference no: EM13614288

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