The Euro Stade sells tickets for 100 per person and has a capacity of 100,000 people. Each
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The Euro Stade sells tickets for €100 per person and has a capacity of 100,000 people.
Each person buys on average €20 of food and miscellaneous souvenirs. The cost of providing the food, souvenirs, security, ticket salespeople, and clean-up is estimated to be €10 per person. The fixed cost of renting the Euro Stade and paying the teams is €10 million. Television pays €5 million for the right to broadcast the game and stream it on the Internet.
How many tickets must be sold to have a profit of €3 million (assuming there are no taxes)?
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Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
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