A privately owned summer camp for youngsters has the following data for a 12-week session: Charge per camper ................................$120 per week Fixed costs ...............................................$48,000 per

Question

82 users unlocked this solution today!

A privately owned summer camp for youngsters has the following data for a 12-week session:

Charge per camper ................................$120 per week

Fixed costs ...............................................$48,000 per session

Variable cost per camper .......................$80 per week

Capacity ....................................................200 campers

(a) Develop the mathematical relationships for total cost and total revenue.

(b) What is the total number of campers that will allow the camp to just break even?

(c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity?