Explain the fixed costs of running a fund-raising dinner

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The fixed costs of running a fund-raising dinner for meals for the homeless are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 500 people:

1. If meals charged $275 per ticket, how many people would have to attend the gala for the organization to break even on the event?

2. If meals charged $300 per ticket, the contribution margin from each ticket sold would be:

Reference no: EM1360486

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