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What will the booking agent get paid

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Reference no: EM132964565

Concert Offer

Ticket Price $ 50

Capacity 10, 500

Kills 300 seats

Comps. 200 seats

Sold 100 % available seats

Agent Commission 10%

Artist delivers sound & lights. $40,000

Documented Expenses $200,000

Deal: $200,000 guarantee vs. 85/15 split after documented expenses.

The concert sold out: Show your calculations for each answer.

Problem 1: What will the promoter make from above concert? What will the booking agent get paid?

Reference no: EM132964565

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