Insight Box Concept Check 8 One outdoor Rolling Stones' show should bring 70,000 individuals for a gross of $2.45 million. The promoter guarantees $1.2 million to the Rolling Stones. In addition, 20% of gross goes to the stadium in which the performance is staged. Add another $400,000 for other expenses such as ticket takers, parking attendants, advertising, and so on. The promoter also shares in sales of T-shirts and memorabilia for which the promoter will net over $7 million during the tour. If the promoter of the Rolling Stones concerts includes revenue from the sale of T-shirts and memorabilia into his/her calculations, how much ticket revenue is needed to breakeven on a concert? Assume that non-ticket revenue is variable and is projected on the basis of full occupancy. O $1,764,565 $2,000,000 O $1,680,925 O $1,891,445