Performs concerts at large performing art

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Reference no: EM13750356

Montpelier Symphony Orchestra performs concerts at large performing art center in the city. The average concert sells 900 tickets at $60 per ticket. The company runs about 100 concerts per year and each concert requires 95 artists. The company hires these artists on a long-term basis and pays each artist a base salary of $10,000 per year plus $375 per concert. Program printing cost is $2 per guest. Sales commission to the ticket agent includes a base fee of $2000 per concert plus a commission of $3.00 per ticket. Annual rent and other fix costs total $100,000. The number of concerts that must be performed each year to break even is?

A. 67 shows

B. 80 shows

C. 88 shows

D. 66 shows

E. None of the above

Reference no: EM13750356

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