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James and Jennifer are organizing an event and they are thinking of chartering a bus to take people. They are providing transportation, tickets to the

James and Jennifer are organizing an event and they are thinking of chartering a bus to take people. They are providing transportation, tickets to the event, and refreshments on the bus. They predicted the following expenses: Bus rental $80, Event ticket $12.5 per person, Gas expense $75, Refreshments $7.5 per person, Other fuels $20, and Bus driver $50. They believe that they could attract 30 people at $35 per ticket.
The total fixed costs and total variable costs are
$225,$20
ii),$245,$20
iii) $225,$245
iv) $260,$225
Their total profit or loss is
$250
ii),$250
iii). $225
iv),$225
The number of people that they need to attract to break even is
30
ii)15
iii)25
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