2:38 Cost-Volmme-Profit Relationships and a Dog Track The Vegas Kemel Club is a dog racing frack. Its revenue is derived mainly from attendance and a fixed percentage of the parimutuel betting Its expenses for a 90 -day season are as follows: The track made a contract with AP Inc, to park the cars. AP charged the track $4.80 per car. A survey revealed that on average three persons arrived in each car and that half the attendees arrived by private automobiles. The others amived by taxi and public buses. The track's sources of revenue are 1. Assume that each person bets $25 a night. 1. How many persons bave to be admitted for the track to break even for the season? 2. If the desired operating profit for the year is $270,000, how many people would bave to attend? 1. If a policy of free admission brought a 20% increase in attendance, what would be the new level of operating profit? Assume that the pretious level of attendance was 600,000 people. 2. If the purses were doubled in an attempt to attract better dogs and thus increase attendance, what would be the new break-even point? Refer to the original data and assume that each person bets $25 a night