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Chi Omega Sorority is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the event: Dinner................................................................. $7 Favors and
Chi Omega Sorority is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the event: Dinner................................................................. $7 Favors and program(per person)........................... $3 Band..................................................................... $1500 Tickets and advertising....................................... $700 Riverboat Rental.................................................. $4,800 Floorshow & strolling entertainers..................... $1000 The committee members would like to charge $30 per person for the evenings activities. 2. Assume that only 250 persons attended the Extravaganza last year. If the same number attend this year, what price per ticket must be charged to break even? (Part 2 of my question)
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