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PLEASE HELP NUMBER 8 INCORRECT Venture Camps, Inc., leases the land on which it builds camp sites. Venture is considering opening a new site on
PLEASE HELP NUMBER 8 INCORRECT
Venture Camps, Inc., leases the land on which it builds camp sites. Venture is considering opening a new site on land that requires $3,750 of rental payment per month. The variable cost of providing service is expected to be $6 per camper. The following chart shows the number of campers Venture expects for the first year of operation of the new site:
Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | Total |
230 | 300 | 290 | 250 | 450 | 550 | 700 | 700 | 400 | 430 | 350 | 350 | 5,000 |
Required: |
Assuming that Venture wants to earn $7 per camper, determine the price it should charge for a camp site in February and August. |
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