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Consider a concert where a band is hired for $20,000 plus 15% of the gate receipts. The auditorium is rented for $5,000 plus 5% of
Consider a concert where a band is hired for $20,000 plus 15% of the gate receipts. The auditorium is rented for $5,000 plus 5% of the gate receipts. Security guards costing $80 apiece are hired, one for every 200 people. Advertising, insurance and other fixed costs are $28,000.
Ticket prices are $18 each.
Assuming ticket sales of 6,000, the budget of profit (loss) is:
- A. None of these are correct
- B. $17,000
- C. $21,000
- D. $35,000
- E. $31,000
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