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What is the margin of safety

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Q1. In December budget you plan to sell 1691 units for 12pounds each.

Variable cost are 4 pounds per unit, fixed costs for December are 9200 pounds.

What is the margin of safety as a%?

Q2. You are planning a new years eve party, and have identify the following costs: Venue hire 1,600 pounds, staff costs 1,210 pounds, Food and Drink cost 20pounds per person.

The venue can hold a maximum of 250 people, and you can sell tickets for 60pounds each.

How many tickets do you need to sell in order to make a profit of 2,390 pounds?

Reference no: EM132189446

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