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A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $525 for the event plus
A university is planning to hold an event at a local venue, which will charge a fixed rental fee of $525 for the event plus $13.40 per guest for food. The university has budgeted $770 for administrative and marketing expenses. It plans to hire a band, which will cost another $360. Tickets are expected to sell for $36.80 per guest. Ignore taxes. What is the cash break-even point as measured in the number of tickets sold? 71 73 75 76 78
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