Refer to Problems 1-22 and 1-23. Another board member believes that if church members pay $8,000 in tuition, the most St. Joseph's can increase non-member tuition is $1,000 per year. She suggests that another solution might be to cap nonmember tuition at $9,000 and attempt to recruit more nonmember students to make up the shortfall. Under this plan, how many new nonmember students will need to be recruited?
In problem 1-22 St. Joseph's School has 1,200 students, each of whom currently pays $8,000 per year to attend. In addition to revenues from tuition, the school receives an appropriation from the church to sustain its activity. The budget for the upcoming year is $15 million, and the church appropriation will be $4.8 million. By how much will the school have to raise tuition per student to keep from having a shortfall in the upcoming year?