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Oliver works at a company called Awesome Spot that organizes craft fairs at a venue that they own. The fixed cost to run the venue
Oliver works at a company called Awesome Spot that organizes craft fairs at a venue that they own. The fixed cost to run the venue is $480,000 per year. Each event attendee or "guest" pays $20 to enter an event and, on average, spends another $32 on food, drink, and merchandise while at the event. The variable cost per guest is $15 The venue has a capacity of 640 people - so an event is considered "sold out" when 640 guests attend. guests How many guests per year are required for Awesome Spot to breakeven? (please round your answer to the nearest whole nubmer of guests) 1% If Awesome Spot runs 80 events in a given year, what is the average percentage attendance required to breakeven? (please express as a percentage rounded to the nearest whole number) If Awesome Spot serves 16,306 guests per year, what is the estimated profit? $ (please round your answer to the nearest whole dollar)
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