I've gotten question #5 wrong a couple of times. If you could please help me out and walk me through it I'd really appreciate it!

The Pritzker Music Pavilion in dowincowin Chicago is a technologicalys pevilion for e concert to benef Ceresa non-profit. nstionel network of investors and environmentsl orgsnizations working with compenies and investors to address sustainsbi ty chellenges such as g donate all profits to Ceres or absorb any losses) and uniquely designed performing arts venus that hosts live concerts atended by over half a million patrons a year. A group of local organizers, led by a prominent local businesoman, would liks to use the l cimste chenge. If the peviion menegement agrees to hast the concert, the orgenizers will Based on he following revenve and cost information, the orgsnizers would like anawers to several questions There are three surces of revenue For the concert 1 Tickats wil ba ld for 15.00 cach 2 A large multinational corporaion headquartered in Chicago will cont 2.cO per tck sld 3 Each concort artandec is expected co spend an average of $19.00 For parking, food, and merchandizs On the cpenze side, therc are ao thres componen:s L A popular national group has agreec to perform at the concert. Nor ally, the g up demandsgnificant xed ce to pe orm, but to reduce the nsic or the ongrizers the group h2sag eed to perform 2. The organizers wil several companies to operate the par ong, food, and merchandise concessions. They will pay $20,000 plus 13% of all panong, food. and merchand se revenue. 3. Ta organizars wil paythe pavlion $90,000 plus $7.00 par parson attanding to cover its opratna expensas (production, maintananca, advertsingatc.). or SS CO per tcket sold REQUIRED [ROUND VOUR CM ANSWER TO THE NEAREST CENT: ROUND ALL OTHER ANSWERS TO THE NEAREST UNIT OR NEAREST DOLLAR .what i the estimated contribution margin per tide: sol for the benefit concert 20.5300 2. whar are the eatimated tocal fed coss for the benefit concert? 110000 receipt no. is 160-2417 Previq Tri Your answers are correct, but )ust to make sure that there are no rounding issues use S20 53 for the estimated contribution margin per ticket sold and 110,000 for the estimated monthly fied costsin parts B and C Part B(8 tries 8 points) 3. what is the estimated proft from the beneit concert 10.500 tickets are sols? . How many tickats must be sold in ordar for concart proi o b $10DC0 *4 IS CORRECT 10294.11 5. Assuming a tax rate of 35% on profits from the concert what must dollart coet 1es be in order for after-tax concert profits to be $100,000? Submit Answr