Question
Patricia runs a small events-organizing company based in Nairobi. She has just received an order to organize an SME development seminar at the Sarova
Patricia runs a small events-organizing company based in Nairobi. She has just received an order to organize an SME development seminar at the Sarova Stanley Hotel hosted by the World Bank. She is billing World Bank Ksh 10,000 per participant while the hotel charges her Ksh 2,500 per participant for meals in addition to a charge of Ksh 225,000 for the hall and other amenities. Assume there is linear relationship between the costs and the number of participants Required: i. Obtain the minimum number of participants required to attend the forum for Patricia to break even (2 Marks) ii. Calculate the number of participants she would need to attend for her to make a profit of Ksh 337,500?
Step by Step Solution
3.52 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
The detailed ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App