1. Cost-Volume-Profit (I): 6 marks Lucius Fox is the events manager of Wayne Enterprises and he is helping with the organisation of the annual Charity Networking Event to be held at the end of the year. Clients from the whole of Gotham City will receive the invitation to attend this exciting event. The selling price of the tickets for the event is $500 per person. Lucius received a quotation from Gotham City Grand Hotel (the Hotel hereafter) and provided information regarding their costs: 1 . . The Hotel's Conference space has a fixed rental of $50,000 $100 per person as the costs of food and beverage $50 per person as the cost of a small gift Bane Marketing has agreed to market this event and will be paid 20% of the ticket revenue that Wayne Enterprises receive. Hint: Please use the following formats to present your answer in the quiz: . Numeric figure: 3,000 for a whole number and 3,000.12 for a number with two decimal places Percentage: 30% for a whole percentage and 30.52% for a percentage with two decimal places Required: (a) How many tickets do the Wayne Enterprises need to sell to breakeven if they agree with the Hotel's quotation? (Present your answer to the nearest whole number). (2 marks) (b) All the profit of the tickets sales will be donated to the Gotham Orphanage. If the estimated donation (I.e., profit) is $100,000 (1) How many tickets do Wayne Enterprises need to sell in order to raise $100,000 for the donation? (Present your answer to the nearest whole number) () What is the MOS in percentage based on this sales volume? (Present your answer to the nearest whole percentage). (4 marks)