Horace Society is planning its annual Western Fair Raceway Gala. The Gala committee has assembled the following expected costs for the event:

Dinner (per person) $10

Gaming token and program (per person) $2

Prize payouts $4,300

Tickets and advertising $800

Private box suite rental $1,700

Lottery licenses $200

The committee members would like to charge $40 per person for the evenings activities.

Required:

Compute the break-even point for the Gala (in terms of the number of people that must attend)