Question
Jefferson City has decided to invite an orchestra to play in the city' s museum. Your job is to calculate the cost of an individual
Jefferson City has decided to invite an orchestra to play in the city' s museum.
Your job is to calculate the cost of an individual ticket in order for the city to
break even on sales. The city estimates that their total fixed costs are $3 00,000.
The variable cost is $20.00 per ticket.
If the city set the price of the tickets at $50.00, how many tickets does the city
need to sell in order to break even?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
