Question
A live music venue called Marks House of Heavy Metal charges $12 per ticket (per person) for all heavy metal concerts. Their variable cost is
A live music venue called Marks House of Heavy Metal charges $12 per ticket (per person) for all heavy metal concerts. Their variable cost is $5 per person. Last year they sold 120,000 tickets to heavy metal concerts. They are thinking about increasing the price of tickets by $1 per ticket. How many heavy metal concert tickets would they now need to sell in order to break-even on this decision?
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
